BILL (NYSE:BILL) Reaches New 52-Week Low Following Analyst Downgrade

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) shares reached a new 52-week low on Thursday after Robert W. Baird lowered their price target on the stock from $82.00 to $55.00. Robert W. Baird currently has a neutral rating on the stock. BILL traded as low as $40.86 and last traded at $41.09, with a volume of 1428952 shares traded. The stock had previously closed at $46.73.

BILL has been the subject of several other research reports. The Goldman Sachs Group lowered their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. 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 note on Friday, February 7th. Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Piper Sandler reiterated an "overweight" rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.44.

Institutional Trading of BILL

Several large investors have recently added to or reduced their stakes in BILL. GAMMA Investing LLC raised its position in BILL by 18,435.9% during the first quarter. GAMMA Investing LLC now owns 56,720 shares of the company's stock valued at $2,603,000 after buying an additional 56,414 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in BILL during the 4th quarter valued at about $217,000. Public Employees Retirement System of Ohio acquired a new position in shares of BILL in the 4th quarter valued at about $2,933,000. JT Stratford LLC acquired a new position in shares of BILL in the 4th quarter valued at about $369,000. Finally, Castleark Management LLC acquired a new stake in shares of BILL during the fourth quarter worth approximately $5,907,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

The stock has a market capitalization of $3.97 billion, a PE ratio of -3,866.00, a P/E/G ratio of 29.46 and a beta of 1.88. 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's 50-day moving average is $58.25 and its 200 day moving average is $69.62.

BILL (NYSE:BILL - Get Free Report) 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 return on equity of 1.53% and a net margin of 5.90%. As a group, equities analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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.