BILL (NYSE:BILL) Given New $75.00 Price Target at Canaccord Genuity Group

BILL (NYSE:BILL - Get Free Report) had its price target decreased by Canaccord Genuity Group from $105.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 62.09% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. Piper Sandler cut their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Oppenheimer lifted their price objective on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Mizuho reduced their target price on BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. UBS Group raised their price target on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group cut their price objective on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

BILL Price Performance

Shares of BILL stock traded down $0.56 on Tuesday, reaching $46.27. The company's stock had a trading volume of 1,464,550 shares, compared to its average volume of 2,287,795. The company has a market capitalization of $4.72 billion, a P/E ratio of -4,627.00, a PEG ratio of 29.46 and a beta of 1.44. BILL has a 12-month low of $36.55 and a 12-month high of $100.19. The stock's 50 day simple moving average is $44.77 and its 200-day simple moving average is $67.08. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The firm had revenue of $358.22 million for the quarter, compared to analysts' expectations of $355.85 million. During the same quarter last year, the firm posted $0.60 EPS. The company's revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of BILL in the 4th quarter valued at approximately $239,000. Gateway Investment Advisers LLC bought a new position in shares of BILL during the fourth quarter valued at $1,832,000. Kera Capital Partners Inc. bought a new position in BILL in the 4th quarter worth about $259,000. Finally, Aaron Wealth Advisors LLC grew its position in BILL by 10.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,618 shares of the company's stock valued at $391,000 after purchasing an additional 455 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Company Profile

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.