Wells Fargo & Company Cuts BILL (NYSE:BILL) Price Target to $57.00

BILL (NYSE:BILL) had its price objective decreased by Wells Fargo & Company from $65.00 to $57.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 9.88% from the company’s current price.

Other equities research analysts have also issued research reports about the company. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a research report on Wednesday, December 18th. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price target on shares of BILL in a report on Friday. Keefe, Bruyette & Woods cut their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Oppenheimer lifted their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $85.00 price target on shares of BILL in a research report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.84.

BILL Stock Down 34.4 %

BILL stock opened at $63.25 on Friday. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of -190.49, a PEG ratio of 164.86 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The business has a fifty day moving average price of $89.50 and a 200-day moving average price of $69.34. BILL has a 1-year low of $43.11 and a 1-year high of $100.19.

BILL (NYSE:BILL) last announced 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 0.59% and a return on equity of 1.54%. Equities research analysts forecast that BILL will post 0.04 EPS for the current fiscal year.

Insider Transactions at BILL

In related news, Director Alison Wagonfeld sold 779 shares of BILL 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 sale, the director now directly owns 259 shares in the company, valued at $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently made changes to their positions in BILL. Aigen Investment Management LP grew its stake in BILL by 612.3% during the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after buying an additional 47,761 shares during the last quarter. WoodTrust Financial Corp purchased a new position in shares of BILL during the third quarter worth approximately $422,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of BILL in the 3rd quarter valued at $820,000. WCM Investment Management LLC increased its holdings in shares of BILL by 26.4% in the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after acquiring an additional 61,471 shares during the period. Finally, Telemark Asset Management LLC purchased a new stake in BILL in the 3rd quarter valued at $7,914,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.