Robert W. Baird Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL - Get Free Report) had its price objective reduced by stock analysts at Robert W. Baird from $82.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's target price would indicate a potential upside of 31.22% from the stock's current price.

Several other research firms have also commented on BILL. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Mizuho upped their price target on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Canaccord Genuity Group reissued a "buy" rating and set a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Finally, Oppenheimer dropped their price target on shares of BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research report 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.44.

BILL Price Performance

Shares of BILL stock traded up $4.11 on Friday, hitting $41.92. 1,090,243 shares of the company were exchanged, compared to its average volume of 2,261,368. BILL has a 1-year low of $36.35 and a 1-year 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 stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -4,191.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. The company has a 50-day moving average price of $55.90 and a 200 day moving average price of $69.29.

BILL (NYSE:BILL - Get Free Report) last issued 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 1.53% and a net margin of 5.90%. As a group, sell-side analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of BILL

Several hedge funds have recently added to or reduced their stakes in the company. Groupama Asset Managment increased its position in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after purchasing an additional 3,500,000 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock valued at $1,091,019,000 after buying an additional 1,241,432 shares during the last quarter. Norges Bank acquired a new stake in BILL in the fourth quarter valued at $99,906,000. Invesco Ltd. lifted its holdings in BILL by 828.1% during the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock worth $110,269,000 after buying an additional 1,161,457 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of BILL by 112.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after acquiring an additional 852,863 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Company Profile

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.