BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Moderate Buy” from Analysts

BILL Holdings, Inc. (NYSE:BILLGet Free Report) has received a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $106.62.

Several research firms recently commented on BILL. Citigroup raised their target price on BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. reduced their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Wells Fargo & Company restated an “underweight” rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a research report on Monday. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price for the company in a research note on Wednesday, March 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, February 9th.

Read Our Latest Stock Analysis on BILL

BILL Trading Down 1.7 %

Shares of NYSE BILL opened at $62.77 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $6.60 billion, a P/E ratio of -58.12, a price-to-earnings-growth ratio of 181.90 and a beta of 1.66. BILL has a 1-year low of $51.94 and a 1-year high of $139.50. The business has a fifty day moving average price of $67.78 and a 200 day moving average price of $77.54.

BILL (NYSE:BILLGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. The company had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. Equities research analysts expect that BILL will post 0.02 EPS for the current fiscal year.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the transaction, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of BILL by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock worth $806,234,000 after acquiring an additional 162,428 shares during the period. Lone Pine Capital LLC grew its holdings in shares of BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after buying an additional 723,151 shares during the last quarter. Coatue Management LLC acquired a new position in shares of BILL during the fourth quarter valued at about $163,218,000. Abdiel Capital Advisors LP lifted its position in shares of BILL by 16.6% during the fourth quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock valued at $139,632,000 after purchasing an additional 243,788 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of BILL by 25.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,616,806 shares of the company’s stock valued at $177,752,000 after purchasing an additional 324,354 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Company Profile

(Get Free Report

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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Analyst Recommendations for BILL (NYSE:BILL)

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