BILL (NYSE:BILL) Price Target Raised to $75.00

BILL (NYSE:BILL) had its target price lifted by Mizuho from $64.00 to $75.00 in a research report sent to investors on Friday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group reiterated a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, August 23rd. Robert W. Baird lifted their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Wells Fargo & Company dropped their price target on shares of BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of BILL from $75.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $82.06.

BILL Stock Down 2.2 %

BILL stock opened at $87.84 on Friday. The firm has a market capitalization of $9.09 billion, a P/E ratio of -266.18 and a beta of 1.72. The company has a 50-day simple moving average of $73.85 and a 200-day simple moving average of $59.17. BILL has a one year low of $43.11 and a one year high of $97.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred 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 owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock valued at $218,887 in the last three months. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BILL

Several institutional investors have recently made changes to their positions in BILL. Y Intercept Hong Kong Ltd lifted its stake in shares of BILL by 62.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock valued at $875,000 after purchasing an additional 6,355 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of BILL in the third quarter worth about $5,400,000. National Bank of Canada FI bought a new stake in shares of BILL during the 3rd quarter worth about $1,535,000. Washington Harbour Partners LP acquired a new position in shares of BILL during the 3rd quarter valued at about $533,000. Finally, Weiss Asset Management LP raised its stake in shares of BILL by 156.0% in the 3rd quarter. Weiss Asset Management LP now owns 158,405 shares of the company’s stock valued at $8,357,000 after acquiring an additional 96,540 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.