BILL (NYSE:BILL) Given New $60.00 Price Target at The Goldman Sachs Group

BILL (NYSE:BILL - Get Free Report) had its price target dropped by research analysts at The Goldman Sachs Group from $90.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's target price would suggest a potential upside of 50.06% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Mizuho boosted their target price on shares of BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Wells Fargo & Company dropped their price objective on BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reissued a "buy" rating and set a $105.00 target price on shares of BILL in a report on Friday, February 7th. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Finally, Morgan Stanley raised shares of BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $75.44.

BILL Stock Performance

Shares of NYSE BILL traded up $0.45 during midday trading on Wednesday, hitting $39.99. 3,690,568 shares of the company's stock were exchanged, compared to its average volume of 2,262,168. BILL has a 12 month low of $34.24 and a 12 month high of $100.19. The company's 50 day moving average price is $59.30 and its 200 day moving average price is $69.73. 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 has a market capitalization of $4.08 billion, a PE ratio of -3,998.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of institutional investors and hedge funds have recently bought and sold shares of BILL. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Crewe Advisors LLC raised its holdings in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp acquired a new stake in BILL during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC bought a new stake in BILL during the 4th quarter worth approximately $30,000. Finally, Global Retirement Partners LLC increased its position 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 acquiring an additional 377 shares during the period. 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.