BILL (NYSE:BILL) Given New $90.00 Price Target at The Goldman Sachs Group

BILL (NYSE:BILL) had its target price reduced by The Goldman Sachs Group from $104.00 to $90.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on BILL. Oppenheimer cut their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company cut their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday. Susquehanna increased their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Mizuho boosted their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.95.

BILL Stock Down 35.2 %

Shares of BILL stock opened at $62.40 on Friday. BILL has a 1 year low of $43.11 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $6.46 billion, a P/E ratio of -189.08, a price-to-earnings-growth ratio of 164.86 and a beta of 1.76. The business has a 50-day moving average of $89.50 and a two-hundred day moving average of $69.34.

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

Insider Activity at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now owns 259 shares in the company, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC raised its position in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp acquired a new stake in shares of BILL during the 4th quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of BILL during the 3rd quarter worth about $28,000. Finally, Global Retirement Partners LLC grew its stake in BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the last quarter. 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.