Canaccord Genuity Group Reaffirms “Buy” Rating for BILL (NYSE:BILL)

Canaccord Genuity Group reaffirmed their buy rating on shares of BILL (NYSE:BILL) in a research note published on Friday morning, Benzinga reports. Canaccord Genuity Group currently has a $100.00 price objective on the stock.

Several other research analysts also recently weighed in on BILL. BMO Capital Markets reduced their target price on BILL from $82.00 to $75.00 and set a market perform rating for the company in a research note on Friday. Piper Sandler decreased their price objective on shares of BILL from $95.00 to $77.00 and set an overweight rating on the stock in a report on Friday, April 12th. Robert W. Baird cut their target price on shares of BILL from $78.00 to $74.00 and set a neutral rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. decreased their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research note on Friday, February 9th. Finally, BNP Paribas upgraded BILL from an underperform rating to a neutral rating and set a $72.00 price objective for the company in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $99.10.

BILL Stock Performance

Shares of NYSE BILL opened at $56.58 on Friday. The company has a market capitalization of $5.95 billion, a PE ratio of -71.62, a price-to-earnings-growth ratio of 76.15 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day moving average price is $64.16 and its 200 day moving average price is $70.44. BILL has a 1 year low of $51.94 and a 1 year high of $139.50.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The business had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. On average, research analysts predict that BILL will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the sale, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BILL

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in shares of BILL during the 4th quarter worth approximately $35,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of BILL in the 4th quarter valued at $90,000. Sands Capital Management LLC purchased a new stake in shares of BILL in the 3rd quarter valued at $136,000. Finally, Principal Securities Inc. acquired a new position in BILL during the 4th quarter worth about $138,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.