BILL (NYSE:BILL) Receives Buy Rating from Needham & Company LLC

BILL (NYSE:BILL)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They presently have a $100.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 115.54% from the stock’s current price.

Several other brokerages have also commented on BILL. Canaccord Genuity Group restated a “buy” rating and set a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. Robert W. Baird increased their target price on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer reduced their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Mizuho upped their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.72.

BILL Price Performance

Shares of NYSE:BILL opened at $46.40 on Monday. BILL has a 52 week low of $42.82 and a 52 week high of $100.19. The company has a 50-day moving average price of $71.32 and a 200 day moving average price of $70.40. The company has a market cap of $4.73 billion, a P/E ratio of -4,639.50, a PEG ratio of 29.46 and a beta of 2.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) 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%. Research analysts predict that BILL will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On BILL

Several hedge funds have recently modified their holdings of BILL. GAMMA Investing LLC raised its holdings in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC grew 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 period. Fifth Third Bancorp acquired a new position in shares of BILL during the 4th quarter valued at about $27,000. CoreCap Advisors LLC acquired a new position in shares of BILL during the 4th quarter valued at about $30,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after acquiring an additional 247 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

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.