Keefe, Bruyette & Woods Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price reduced by Keefe, Bruyette & Woods from $100.00 to $95.00 in a research report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other analysts have also recently issued reports on BILL. Morgan Stanley lifted their target price on shares of BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 26th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, September 12th. Oppenheimer upped their price objective 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 target price on BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Piper Sandler upped their price target on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BILL presently has a consensus rating of “Hold” and a consensus price target of $83.53.

BILL Stock Performance

Shares of BILL stock opened at $82.49 on Monday. The firm has a market cap of $8.54 billion, a P/E ratio of -249.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The stock’s 50-day moving average is $84.90 and its two-hundred day moving average is $63.72.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. The trade was a 22.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now directly owns 259 shares of the company’s stock, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,823 shares of company stock worth $218,887. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Aigen Investment Management LP grew its stake in shares of BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after purchasing an additional 47,761 shares during the period. WoodTrust Financial Corp acquired a new stake in BILL in the 3rd quarter valued at $422,000. WCM Investment Management LLC grew its position in BILL by 26.4% in the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after acquiring an additional 61,471 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in BILL during the third quarter worth $820,000. Finally, Algert Global LLC lifted its holdings in shares of BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after acquiring an additional 52,758 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.