The Goldman Sachs Group Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price decreased by analysts at The Goldman Sachs Group from $104.00 to $90.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 40.32% from the company’s current price.

Other equities analysts have also issued research reports about the company. Robert W. Baird lifted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research report on Friday. Susquehanna lifted their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Oppenheimer decreased their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Mizuho increased their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and a consensus target price of $81.95.

BILL Stock Down 33.4 %

BILL stock traded down $32.21 during midday trading on Friday, hitting $64.14. The stock had a trading volume of 22,483,744 shares, compared to its average volume of 3,176,042. 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 50-day moving average of $89.50 and a two-hundred day moving average of $69.34. BILL has a 52-week low of $43.11 and a 52-week high of $100.19. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of -194.39, a price-to-earnings-growth ratio of 164.86 and a beta of 1.76.

BILL (NYSE:BILL) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.54% and a net margin of 0.59%. As a group, equities research analysts forecast that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In other BILL news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently modified their holdings of BILL. Handelsbanken Fonder AB grew its holdings in BILL by 27.8% during the third quarter. Handelsbanken Fonder AB now owns 27,156 shares of the company’s stock valued at $1,433,000 after purchasing an additional 5,900 shares during the period. Private Advisory Group LLC bought a new stake in BILL during the third quarter worth $3,344,000. Washington Capital Management Inc. bought a new stake in BILL during the third quarter worth $274,000. Aaron Wealth Advisors LLC bought a new stake in BILL during the third quarter worth $220,000. Finally, Blue Trust Inc. raised its position in BILL by 1,167.5% during the third quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock worth $101,000 after acquiring an additional 1,763 shares in the last quarter. 97.99% of the stock is 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.