BILL (NYSE:BILL - Get Free Report) had its price target increased by Mizuho from $64.00 to $75.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Mizuho's price target would indicate a potential downside of 14.48% from the company's current price.
Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. UBS Group cut their target price on BILL from $85.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Oppenheimer boosted their target price on shares of BILL from $70.00 to $83.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on shares of BILL from $77.00 to $96.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Finally, Morgan Stanley boosted their price objective on shares of BILL from $58.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, BILL presently has a consensus rating of "Hold" and a consensus price target of $82.06.
View Our Latest Analysis on BILL
BILL Stock Down 2.3 %
BILL stock traded down $2.11 during midday trading on Friday, hitting $87.70. 1,188,908 shares of the company's stock were exchanged, compared to its average volume of 1,959,593. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $9.08 billion, a PE ratio of -274.79 and a beta of 1.72. The firm has a 50-day moving average of $73.21 and a two-hundred day moving average of $58.81. BILL has a 12 month low of $43.11 and a 12 month high of $97.86.
Insider Buying and Selling at BILL
In other BILL news, Director Alison Wagonfeld sold 519 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,823 shares of company stock worth $218,887. Company insiders own 4.20% of the company's stock.
Hedge Funds Weigh In On BILL
A number of hedge funds have recently modified their holdings of the business. Abdiel Capital Advisors LP lifted its stake in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock worth $270,191,000 after acquiring an additional 1,666,316 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company's stock worth $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Two Sigma Advisers LP increased its position in BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock valued at $36,447,000 after acquiring an additional 321,400 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock worth $20,083,000 after purchasing an additional 284,935 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock worth $47,264,000 after purchasing an additional 279,256 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.
About BILL
(
Get Free Report)
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.
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