BILL (NYSE:BILL) Stock Price Target Raised at TD Cowen

BILL (NYSE:BILL) had its price objective increased by equities researchers at TD Cowen from $59.00 to $66.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen‘s price objective points to a potential upside of 24.79% from the stock’s current price.

Several other research firms have also recently commented on BILL. Keefe, Bruyette & Woods increased their price target on shares of BILL from $52.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday. BTIG Research restated a “buy” rating and set a $60.00 target price on shares of BILL in a research report on Thursday, August 20th. Zacks Research downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Truist Financial reduced their target price on shares of BILL from $52.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. Finally, UBS Group lifted their price target on shares of BILL from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BILL has an average rating of “Moderate Buy” and a consensus target price of $58.94.

BILL Price Performance

Shares of NYSE:BILL traded up $0.48 on Monday, hitting $52.89. The stock had a trading volume of 136,780 shares, compared to its average volume of 2,377,648. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 103.35, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.50. The firm’s 50 day moving average price is $47.26 and its 200-day moving average price is $42.70.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $353.77 million during the quarter, compared to analyst estimates of $438.62 million. BILL had a net margin of 3.23% and a return on equity of 5.83%. The company’s revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. On average, equities research analysts predict that BILL will post 2.29 earnings per share for the current year.

Insider Buying and Selling at BILL

In related news, CEO Rene Lacerte sold 141,256 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total value of $6,839,615.52. Following the completion of the sale, the chief executive officer owned 100,899 shares in the company, valued at $4,885,529.58. This represents a 58.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Cieri sold 10,754 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the sale, the insider directly owned 997 shares in the company, valued at $48,982.61. The trade was a 91.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 267,997 shares of company stock valued at $13,057,984 in the last three months. 14.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On BILL

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its position in shares of BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Versant Capital Management Inc lifted its holdings in shares of BILL by 147.3% during the 2nd quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BILL in the 3rd quarter valued at approximately $32,000. State of Wyoming acquired a new position in shares of BILL in the 1st quarter valued at approximately $32,000. Finally, Signature Equity Partners LLC grew its position in shares of BILL by 17,760.0% in the 3rd quarter. Signature Equity Partners LLC now owns 893 shares of the company’s stock valued at $38,000 after purchasing an additional 888 shares during the period. 97.99% of the stock is currently owned by institutional investors.

About BILL

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows.

Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California.