BILL (NYSE:BILL) Price Target Cut to $65.00 by Analysts at Morgan Stanley

BILL (NYSE:BILL - Get Free Report) had its price objective decreased by Morgan Stanley from $100.00 to $65.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 59.96% from the company's current price.

Several other research firms also recently weighed in on BILL. Piper Sandler dropped their target price on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Mizuho lowered their price target on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.72.

BILL Price Performance

NYSE:BILL traded down $0.28 during trading hours on Wednesday, reaching $40.63. 1,068,429 shares of the company's stock were exchanged, compared to its average volume of 2,280,703. 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 company has a market capitalization of $4.14 billion, a P/E ratio of -4,063.40, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL has a 12 month low of $36.55 and a 12 month high of $100.19. The business's 50-day simple moving average is $48.09 and its two-hundred day simple moving average is $68.51.

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%. Sell-side analysts expect that BILL will post 0.12 EPS for the current fiscal year.

Institutional Trading of BILL

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in BILL by 74.9% during the fourth 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 increased its holdings in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp bought a new position in BILL during the fourth quarter valued at about $27,000. CoreCap Advisors LLC acquired a new stake in shares of BILL during the 4th quarter worth approximately $30,000. Finally, Global Retirement Partners LLC increased its holdings 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 period. Institutional investors 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.