BILL (NYSE:BILL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

BILL (NYSE:BILL) had its price objective increased by research analysts at The Goldman Sachs Group from $77.00 to $96.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 8.50% from the stock’s previous close.

Several other research analysts have also issued reports on BILL. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. Morgan Stanley increased their price objective on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Finally, Mizuho lowered their price target on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $78.28.

BILL Stock Down 1.2 %

BILL stock opened at $88.48 on Monday. The firm’s 50-day simple moving average is $67.58 and its 200 day simple moving average is $57.03. The stock has a market cap of $9.16 billion, a PE ratio of -268.12 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $94.28.

Insider Activity at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On BILL

A number of institutional investors have recently bought and sold shares of BILL. DekaBank Deutsche Girozentrale boosted its position in shares of BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after buying an additional 257 shares during the period. SG Americas Securities LLC boosted its position in BILL by 826.5% in the 2nd quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock worth $2,160,000 after purchasing an additional 36,613 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of BILL by 24.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 15,515 shares of the company’s stock valued at $816,000 after buying an additional 3,000 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of BILL by 23.4% in the second quarter. Assenagon Asset Management S.A. now owns 95,705 shares of the company’s stock worth $5,036,000 after acquiring an additional 18,121 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in shares of BILL in the second quarter worth about $2,626,000. Hedge funds and other institutional investors 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.