Investment Analysts’ Recent Ratings Changes for BILL (BILL)

Several analysts have recently updated their ratings and price targets for BILL (NYSE: BILL):

  • 2/12/2024 – BILL had its price target raised by analysts at Citigroup Inc. from $85.00 to $86.00. They now have a “buy” rating on the stock.
  • 2/9/2024 – BILL had its price target lowered by analysts at JPMorgan Chase & Co. from $93.00 to $90.00. They now have an “overweight” rating on the stock.
  • 2/9/2024 – BILL had its price target raised by analysts at Oppenheimer Holdings Inc. from $75.00 to $83.00. They now have an “overweight” rating on the stock.
  • 2/9/2024 – BILL had its price target lowered by analysts at Wells Fargo & Company from $75.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 2/9/2024 – BILL had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.
  • 2/7/2024 – BILL had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $95.00 price target on the stock.
  • 1/23/2024 – BILL was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $75.00 price target on the stock, down previously from $80.00.

BILL Stock Performance

Shares of BILL stock opened at $66.00 on Tuesday. BILL Holdings, Inc. has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The firm has a market cap of $7.05 billion, a P/E ratio of -61.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $76.08 and a 200 day simple moving average of $89.54.

Insider Buying and Selling at BILL

In other news, CEO Rene A. Lacerte sold 12,137 shares of BILL stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $67.41, for a total transaction of $818,155.17. Following the transaction, the chief executive officer now directly owns 88,517 shares of the company’s stock, valued at $5,966,930.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Loren Padelford sold 6,011 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $67.41, for a total transaction of $405,201.51. Following the transaction, the insider now directly owns 10,573 shares in the company, valued at approximately $712,725.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rene A. Lacerte sold 12,137 shares of BILL stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $67.41, for a total transaction of $818,155.17. Following the sale, the chief executive officer now directly owns 88,517 shares of the company’s stock, valued at approximately $5,966,930.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,613 shares of company stock valued at $1,863,557. 3.80% of the stock is currently owned by insiders.

Institutional Trading of BILL

A number of institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in BILL during the 1st quarter worth approximately $38,000. Lindbrook Capital LLC lifted its stake in shares of BILL by 64.8% in the second quarter. Lindbrook Capital LLC now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 92 shares in the last quarter. Quarry LP lifted its stake in shares of BILL by 173.4% in the first quarter. Quarry LP now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 248 shares in the last quarter. Carolinas Wealth Consulting LLC purchased a new stake in shares of BILL in the first quarter valued at about $91,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of BILL in the fourth quarter valued at about $44,000.

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.

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