BILL (NYSE:BILL) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of BILL (NYSE:BILL) in a report issued on Friday morning,Benzinga reports. They currently have a $105.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Robert W. Baird raised their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their target price on shares of BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a research note on Wednesday, December 18th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. Finally, Oppenheimer upped their target price on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.95.

BILL Price Performance

Shares of NYSE:BILL opened at $62.40 on Friday. BILL has a 52 week low of $43.11 and a 52 week high of $100.19. The company has a 50-day moving average price of $89.50 and a 200 day moving average price of $69.34. The company has a market cap of $6.46 billion, a P/E ratio of -189.08, a PEG ratio of 164.86 and a beta of 1.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 0.59% and a return on equity of 1.54%. Research analysts predict that BILL will post 0.04 earnings per share for the current year.

Insider Activity at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Several hedge funds have recently modified their holdings of the stock. Aigen Investment Management LP raised its stake in BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after purchasing an additional 47,761 shares during the period. WoodTrust Financial Corp acquired a new stake in shares of BILL during the 3rd quarter worth $422,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of BILL in the 3rd quarter worth $820,000. WCM Investment Management LLC boosted its holdings in BILL by 26.4% in the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after acquiring an additional 61,471 shares during the last quarter. Finally, Telemark Asset Management LLC purchased a new stake in BILL during the third quarter valued at about $7,914,000. 97.99% of the stock is owned by institutional investors and hedge funds.

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.