BILL (NYSE:BILL) Given New $75.00 Price Target at Needham & Company LLC

BILL (NYSE:BILL) had its price target decreased by Needham & Company LLC from $100.00 to $75.00 in a report released on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird dropped their price objective on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group dropped their price target on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Mizuho reduced their price objective on shares of BILL from $70.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Seaport Res Ptn lowered BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, BTIG Research initiated coverage on BILL in a report on Wednesday, April 30th. They issued a “buy” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.50.

BILL Price Performance

Shares of NYSE:BILL opened at $44.66 on Friday. BILL has a one year low of $36.55 and a one year high of $100.19. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of -4,466.00, a PEG ratio of 29.46 and a beta of 1.44. The company has a 50-day simple moving average of $44.69 and a 200-day simple moving average of $67.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The company had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. On average, analysts predict that BILL will post 0.12 EPS for the current year.

Institutional Trading of BILL

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of BILL by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock worth $1,091,019,000 after purchasing an additional 1,241,432 shares in the last quarter. Groupama Asset Managment grew its holdings in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after buying an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC increased its position in BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after buying an additional 119,711 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock worth $136,421,000 after acquiring an additional 852,863 shares during the last quarter. Finally, Greenhouse Funds LLLP raised its holdings in shares of BILL by 0.8% in the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company’s stock worth $118,307,000 after acquiring an additional 11,002 shares during the last quarter. Hedge funds and other institutional investors 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.