BILL (NYSE:BILL) Stock Rating Upgraded by The Goldman Sachs Group

BILL (NYSE:BILL) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat Ratings reports. The firm presently has a $104.00 price objective on the stock, up from their prior price objective of $96.00. The Goldman Sachs Group’s price objective indicates a potential upside of 25.14% from the company’s previous close.

Other equities analysts have also issued reports about the company. Susquehanna upped their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, September 12th. Keefe, Bruyette & Woods decreased their target price on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Robert W. Baird boosted their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler raised their price objective on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.95.

BILL Trading Up 0.8 %

Shares of BILL stock opened at $83.11 on Thursday. The company has a market capitalization of $8.60 billion, a P/E ratio of -251.85 and a beta of 1.72. The stock has a fifty day simple moving average of $85.88 and a 200 day simple moving average of $64.09. BILL has a 12-month low of $43.11 and a 12-month high of $97.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insider Activity at BILL

In related 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 transaction of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % 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.

Hedge Funds Weigh In On BILL

Institutional investors have recently added to or reduced their stakes in the business. Everence Capital Management Inc. bought a new stake in shares of BILL during the 4th quarter valued at about $264,000. GAMMA Investing LLC increased its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Versant Capital Management Inc raised its stake in BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after purchasing an additional 340 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in BILL by 62.1% during the third 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. Finally, Pier Capital LLC purchased a new position in BILL in the 3rd quarter worth approximately $5,400,000. 97.99% of the stock is currently owned by institutional investors.

BILL Company Profile

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.