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

BILL (NYSE:BILL) had its target price decreased by investment analysts at Mizuho from $70.00 to $53.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential upside of 29.52% from the company’s current price.

BILL has been the subject of several other reports. Wells Fargo & Company decreased their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a report on Monday, March 17th. Robert W. Baird cut their price target on BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group lowered their price objective on BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Piper Sandler cut their target price on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and an average target price of $71.72.

BILL Stock Performance

BILL stock opened at $40.92 on Tuesday. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The stock’s 50 day simple moving average is $48.99 and its two-hundred day simple moving average is $68.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of -4,092.00, a PEG ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, analysts expect that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of BILL

Several large investors have recently modified their holdings of BILL. GAMMA Investing LLC boosted its position in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in shares of BILL in the fourth quarter worth approximately $27,000. CoreCap Advisors LLC bought a new stake in BILL during the fourth quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC increased its holdings in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during 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.