BILL’s (BILL) Buy Rating Reaffirmed at Needham & Company LLC

BILL (NYSE:BILL)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $100.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 115.54% from the stock’s current price.

Other analysts have also issued reports about the stock. Oppenheimer cut their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Mizuho lifted their price objective 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. Piper Sandler reiterated an “overweight” rating and set a $85.00 target price on shares of BILL in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods cut their price target on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.72.

BILL Price Performance

Shares of BILL opened at $46.40 on Monday. The company has a market cap of $4.73 billion, a P/E ratio of -4,639.50, a PEG ratio of 29.46 and a beta of 2.00. BILL has a fifty-two week low of $42.82 and a fifty-two week high of $100.19. 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 firm’s 50 day moving average price is $71.32 and its 200 day moving average price is $70.40.

BILL (NYSE:BILL) last posted its quarterly earnings data 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, research analysts forecast that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of BILL

A number of large investors have recently bought and sold shares of BILL. Legato Capital Management LLC purchased a new stake in shares of BILL in the fourth quarter valued at about $828,000. Choreo LLC acquired a new position in BILL in the 4th quarter valued at about $409,000. Rhumbline Advisers raised its stake in BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after acquiring an additional 164,182 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in BILL during the 3rd quarter worth approximately $820,000. Finally, Telemark Asset Management LLC acquired a new stake in BILL during the 3rd quarter worth approximately $7,914,000. Institutional investors and hedge funds 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.