BILL (NYSE:BILL) PT Lowered to $80.00 at Jefferies Financial Group

BILL (NYSE:BILL) had its price objective lowered by Jefferies Financial Group from $95.00 to $80.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

BILL has been the topic of a number of other research reports. Piper Sandler decreased their target price on shares of BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Robert W. Baird dropped their price objective on BILL from $78.00 to $74.00 and set a neutral rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company restated an underweight rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Needham & Company LLC reiterated a buy rating and set a $100.00 price target on shares of BILL in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $101.57.

BILL Price Performance

BILL opened at $62.79 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.60 billion, a P/E ratio of -58.14, a PEG ratio of 84.82 and a beta of 1.66. The stock has a 50-day moving average price of $64.26 and a 200-day moving average price of $71.39. BILL has a 12-month low of $51.94 and a 12-month high of $139.50.

BILL (NYSE:BILL) last issued its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. The business had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. Equities analysts predict that BILL will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Quest Partners LLC bought a new stake in BILL in the fourth quarter worth $35,000. Benjamin F. Edwards & Company Inc. raised its position in shares of BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares during the last quarter. Garner Asset Management Corp bought a new position in BILL in the 4th quarter worth about $90,000. Sands Capital Management LLC purchased a new stake in BILL during the 3rd quarter valued at about $136,000. Finally, Principal Securities Inc. bought a new stake in BILL during the 4th quarter valued at about $138,000. Institutional investors own 97.99% of the company’s stock.

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.