KeyCorp Lowers BILL (NYSE:BILL) Price Target to $70.00

BILL (NYSE:BILL) had its price objective dropped by equities researchers at KeyCorp from $85.00 to $70.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 45.75% from the company’s current price.

BILL has been the topic of several other reports. Piper Sandler reissued an “overweight” rating and set a $85.00 target price on shares of BILL in a research note on Friday, February 7th. Susquehanna raised their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Stock Up 2.3 %

BILL stock opened at $48.03 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s fifty day simple moving average is $69.08 and its 200-day simple moving average is $70.14. BILL has a 12 month low of $42.82 and a 12 month high of $100.19. The company has a market capitalization of $4.90 billion, a P/E ratio of -4,802.60, 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, equities research analysts forecast that BILL will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after buying an additional 207 shares during the period. Coppell Advisory Solutions LLC grew its holdings in shares of BILL by 202.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after purchasing an additional 247 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the period. 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.