BILL (NYSE:BILL) Earns “Buy” Rating from Needham & Company LLC

BILL (NYSE:BILL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued on Monday,Benzinga reports. They currently have a $100.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 112.86% from the stock’s current price.

Other analysts have also issued reports about the company. Oppenheimer dropped their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. KeyCorp dropped their target price on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. Mizuho lifted 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. Finally, Susquehanna lifted their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.89.

BILL Trading Up 0.9 %

NYSE:BILL opened at $46.98 on Monday. The business’s 50-day moving average is $69.77 and its two-hundred day moving average is $70.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL has a 12 month low of $42.82 and a 12 month high of $100.19. The firm has a market capitalization of $4.79 billion, a PE ratio of -4,697.90, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Research analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC bought a new stake in BILL during the fourth quarter worth approximately $828,000. Choreo LLC bought a new stake in BILL during the fourth quarter worth approximately $409,000. Rhumbline Advisers raised its holdings in BILL by 153.7% during the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after purchasing an additional 164,182 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in BILL during the third quarter worth approximately $820,000. Finally, Telemark Asset Management LLC bought a new stake in BILL during the third quarter worth approximately $7,914,000. 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.