BILL Holdings, Inc. (NYSE:BILL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $103.57.

Several research analysts have commented on BILL shares. Piper Sandler dropped their price target on BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their price target 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 reaffirmed an “underweight” rating and issued a $60.00 price target (down from $70.00) on shares of BILL in a research report on Monday, April 1st. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target on the stock in a research report on Wednesday, March 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, February 9th.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 920 shares of the business’s 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 transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Asset Management One Co. Ltd. lifted its stake in shares of BILL by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 38,584 shares of the company’s stock valued at $4,189,000 after acquiring an additional 1,455 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of BILL by 13.4% during the third quarter. Handelsbanken Fonder AB now owns 18,256 shares of the company’s stock valued at $1,982,000 after acquiring an additional 2,156 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of BILL during the third quarter valued at $278,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of BILL by 10.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,400 shares of the company’s stock valued at $2,975,000 after acquiring an additional 2,700 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of BILL during the third quarter valued at $218,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Up 3.2 %

BILL opened at $62.44 on Monday. The business has a 50 day moving average price of $64.26 and a 200 day moving average price of $72.16. BILL has a twelve month low of $51.94 and a twelve month high of $139.50. 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 firm has a market cap of $6.56 billion, a P/E ratio of -57.81, a price-to-earnings-growth ratio of 84.04 and a beta of 1.66.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. Research analysts forecast that BILL will post 0.03 EPS for the current year.

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.