BILL (NYSE:BILL) Stock Rating Reaffirmed by Susquehanna

BILL (NYSE:BILL)‘s stock had its “positive” rating reissued by equities researchers at Susquehanna in a research report issued on Monday, Benzinga reports. They presently have a $100.00 price objective on the stock. Susquehanna’s price objective suggests a potential upside of 97.86% from the stock’s previous close.

BILL has been the subject of several other reports. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, July 26th. BMO Capital Markets cut their price target on shares of BILL from $82.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Canaccord Genuity Group restated a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, May 3rd. Finally, Piper Sandler cut their target price on shares of BILL from $77.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $74.13.

BILL Stock Down 0.5 %

Shares of NYSE:BILL opened at $50.54 on Monday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of -63.97 and a beta of 1.61. BILL has a one year low of $43.11 and a one year high of $119.32. The firm has a fifty day moving average price of $50.17 and a two-hundred day moving average price of $57.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 642 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at $312,480.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Germaine Cota sold 642 shares of BILL stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total value of $33,120.78. Following the sale, the senior vice president now directly owns 6,057 shares in the company, valued at approximately $312,480.63. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the transaction, the insider now owns 9,126 shares of the company’s stock, valued at approximately $470,901.60. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On BILL

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its position in BILL by 3.8% during the 1st quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock valued at $314,000 after acquiring an additional 168 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in BILL by 5.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock worth $281,000 after purchasing an additional 170 shares during the period. Advisory Services Network LLC raised its holdings in BILL by 8.4% in the fourth quarter. Advisory Services Network LLC now owns 2,640 shares of the company’s stock worth $215,000 after purchasing an additional 205 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in BILL by 4.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after buying an additional 257 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares in the last quarter. 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.