The Goldman Sachs Group Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price trimmed by The Goldman Sachs Group from $104.00 to $90.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

BILL has been the topic of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Friday. Piper Sandler restated an “overweight” rating and issued a $85.00 price target on shares of BILL in a research report on Friday. Robert W. Baird boosted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. KeyCorp reduced their price objective on shares of BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average price target of $81.95.

BILL Trading Down 35.2 %

Shares of BILL stock opened at $62.40 on Friday. 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 firm has a 50-day moving average of $89.50 and a 200-day moving average of $69.34. BILL has a 52-week low of $43.11 and a 52-week high of $100.19. The stock has a market cap of $6.46 billion, a PE ratio of -189.08, a PEG ratio of 164.86 and a beta of 1.76.

BILL (NYSE:BILL) last posted its quarterly earnings data 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 net margin of 0.59% and a return on equity of 1.54%. As a group, sell-side analysts forecast that BILL will post 0.04 EPS for the current year.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the transaction, the director now owns 259 shares of the company’s stock, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Several hedge funds have recently added to or reduced their stakes in the business. Aigen Investment Management LP raised its stake in shares of BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after acquiring an additional 47,761 shares during the last quarter. WoodTrust Financial Corp acquired a new stake in BILL in the third quarter valued at $422,000. Dynamic Technology Lab Private Ltd bought a new position in BILL during the 3rd quarter worth $820,000. WCM Investment Management LLC lifted its holdings in BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after buying an additional 61,471 shares during the period. Finally, Telemark Asset Management LLC bought a new stake in shares of BILL in the 3rd quarter valued at about $7,914,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.