KeyCorp Lowers BILL (NYSE:BILL) Price Target to $70.00

BILL (NYSE:BILL) had its target price reduced by investment analysts at KeyCorp from $85.00 to $70.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 50.03% from the company’s previous close.

A number of other equities research analysts have also weighed in on BILL. Piper Sandler reissued an “overweight” rating and set a $85.00 target price on shares of BILL in a report on Friday, February 7th. Robert W. Baird boosted their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Monday. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Mizuho boosted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BILL has an average rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Price Performance

BILL stock opened at $46.66 on Tuesday. The firm has a market cap of $4.76 billion, a P/E ratio of -4,665.80, a P/E/G ratio of 29.46 and a beta of 2.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $70.51 and its two-hundred day moving average price is $70.35. BILL has a 12 month low of $42.82 and a 12 month high of $100.19.

BILL (NYSE:BILL) last posted its 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 return on equity of 1.53% and a net margin of 5.90%. On average, analysts anticipate that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Legato Capital Management LLC bought a new position in BILL during the fourth quarter valued at approximately $828,000. Choreo LLC bought a new position in shares of BILL in the fourth quarter worth approximately $409,000. Rhumbline Advisers grew its holdings in shares of BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after purchasing an additional 164,182 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of BILL in the third quarter worth approximately $820,000. Finally, Telemark Asset Management LLC bought a new position in shares of BILL in the third quarter worth approximately $7,914,000. 97.99% of the stock is currently owned by institutional investors.

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.