KeyCorp Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price dropped by research analysts at KeyCorp from $115.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 34.27% from the company’s previous close.

Other analysts have also recently issued reports about the company. Robert W. Baird boosted their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday. Canaccord Genuity Group reissued a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday. Finally, Oppenheimer increased their target price on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.26.

BILL Stock Performance

Shares of NYSE:BILL traded down $33.04 during midday trading on Friday, hitting $63.31. The company’s stock had a trading volume of 7,676,217 shares, compared to its average volume of 2,568,475. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of -190.97, a PEG ratio of 164.86 and a beta of 1.76. The stock’s 50 day simple moving average is $89.50 and its 200 day simple moving average is $69.34.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that BILL will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now owns 259 shares in the company, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC grew its position in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares in the last quarter. Empowered Funds LLC increased its stake in BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after acquiring an additional 207 shares during the period. Covestor Ltd raised its holdings in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after acquiring an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares during the period. 97.99% of the stock is owned by institutional investors.

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.