BILL (NYSE:BILL) Stock Price Expected to Rise, Oppenheimer Analyst Says

BILL (NYSE:BILL) had its price objective raised by equities research analysts at Oppenheimer from $50.00 to $55.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 23.15% from the stock’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley reduced their target price on BILL from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Friday. Mizuho dropped their target price on shares of BILL from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Piper Sandler decreased their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Finally, KeyCorp reduced their price objective on BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

BILL Stock Performance

BILL stock opened at $44.66 on Friday. The company’s 50-day moving average price is $44.69 and its 200-day moving average price is $67.39. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.55 billion, a PE ratio of -4,466.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. BILL has a twelve month low of $36.55 and a twelve month high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. During the same period in the previous year, the firm earned $0.60 earnings per share. BILL’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On BILL

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in BILL in the fourth quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new position in BILL during the 4th quarter worth approximately $30,000. Finally, Global Retirement Partners LLC grew its holdings in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. 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.