BILL (NYSE:BILL) Given New $60.00 Price Target at The Goldman Sachs Group

BILL (NYSE:BILL) had its price target boosted by The Goldman Sachs Group from $54.00 to $60.00 in a report issued on Monday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

BILL has been the topic of a number of other research reports. Wolfe Research cut shares of BILL from an outperform rating to a peer perform rating in a research note on Thursday, August 1st. Canaccord Genuity Group reissued a buy rating and issued a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Piper Sandler lifted their price target on shares of BILL from $59.00 to $60.00 and gave the company an overweight rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. dropped their price target on shares of BILL from $80.00 to $60.00 and set an overweight rating on the stock in a research note on Tuesday, August 20th. Finally, UBS Group dropped their price target on shares of BILL from $85.00 to $65.00 and set a buy rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $70.59.

BILL Stock Performance

BILL opened at $55.93 on Monday. BILL has a 12-month low of $43.11 and a 12-month high of $113.57. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $5.94 billion, a PE ratio of -70.80 and a beta of 1.61. The firm has a 50 day moving average of $51.85 and a two-hundred day moving average of $54.06.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, analysts anticipate that BILL will post -0.58 EPS for the current year.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the transaction, the senior vice president now owns 6,861 shares in the company, valued at $375,639.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Rene A. Lacerte purchased 42,248 shares of BILL stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now directly owns 184,249 shares in the company, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25. Following the completion of the sale, the senior vice president now owns 6,861 shares in the company, valued at approximately $375,639.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 68,372 shares of company stock worth $3,404,826 in the last quarter. Company insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its holdings in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the period. Versant Capital Management Inc purchased a new stake in BILL during the second quarter worth about $46,000. Benjamin F. Edwards & Company Inc. increased its stake in BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares during the period. UniSuper Management Pty Ltd increased its stake in BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after purchasing an additional 700 shares during the period. Finally, Covestor Ltd increased its stake in BILL by 1,742.7% during the first quarter. Covestor Ltd now owns 1,640 shares of the company’s stock worth $113,000 after purchasing an additional 1,551 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.