KeyCorp Cuts BILL (NYSE:BILL) Price Target to $70.00

BILL (NYSE:BILL) had its target price cut by KeyCorp from $85.00 to $70.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also issued reports on BILL. Mizuho boosted their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Oppenheimer decreased their target price on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. 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. Keefe, Bruyette & Woods decreased their target price on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Stock Performance

Shares of NYSE:BILL opened at $47.96 on Tuesday. The stock has a market capitalization of $4.89 billion, a P/E ratio of -4,795.50, a P/E/G ratio of 29.46 and a beta of 2.00. BILL has a 1-year low of $42.82 and a 1-year high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $68.39 and a two-hundred day moving average price of $69.98.

BILL (NYSE:BILL) last announced 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 return on equity of 1.53% and a net margin of 5.90%. Equities analysts predict that BILL will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On BILL

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its position in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Fifth Third Bancorp acquired a new position in BILL during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new position in BILL during the 4th quarter worth approximately $30,000. Finally, Coppell Advisory Solutions LLC boosted its position in 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 last quarter. Institutional investors and hedge funds 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.