BILL (NYSE:BILL) Stock Rating Upgraded by BNP Paribas

BILL (NYSE:BILL) was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Briefing.com reports. The brokerage currently has a $90.00 target price on the stock. BNP Paribas’ price objective would suggest a potential upside of 72.28% from the company’s current price.

A number of other research firms have also recently weighed in on BILL. Piper Sandler increased their price objective on shares of BILL from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. lowered their price objective on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. The Goldman Sachs Group cut shares of BILL from a “buy” rating to a “neutral” rating and decreased their price target for the company from $86.00 to $54.00 in a research report on Friday, August 23rd. Robert W. Baird decreased their price target on shares of BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BILL has a consensus rating of “Hold” and an average target price of $70.24.

BILL Stock Down 2.1 %

Shares of NYSE BILL opened at $52.24 on Thursday. The company has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $56.20. The company has a market capitalization of $5.54 billion, a P/E ratio of -66.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. BILL has a 1 year low of $43.11 and a 1 year high of $118.69.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. On average, equities research analysts predict that BILL will post -0.51 earnings per share for the current year.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the transaction, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now owns 6,861 shares of the company’s stock, valued at $375,639.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajesh A. Aji sold 2,486 shares of BILL stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.73, for a total transaction of $136,058.78. Following the completion of the sale, the insider now directly owns 7,812 shares in the company, valued at approximately $427,550.76. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 68,372 shares of company stock worth $3,404,826. 3.80% of the stock is owned by company insiders.

Institutional Trading of BILL

A number of institutional investors have recently added to or reduced their stakes in BILL. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of BILL by 5.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock valued at $281,000 after buying an additional 170 shares during the last quarter. Advisory Services Network LLC raised its position in shares of BILL by 8.4% in the fourth quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock valued at $215,000 after buying an additional 205 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after buying an additional 257 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

About BILL

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.