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

Shares of BILL Holdings, Inc. (NYSE:BILL) have received an average recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.00.

BILL has been the topic of several analyst reports. The Goldman Sachs Group cut their price objective on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Piper Sandler cut their price target on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut their price target on BILL from $43.00 to $40.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th. Morgan Stanley cut their target price on BILL from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Finally, Oppenheimer increased their target price on BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 9th.

BILL Trading Down 1.7%

Shares of BILL opened at $42.93 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL has a 12-month low of $36.55 and a 12-month high of $100.19. The firm has a market capitalization of $4.42 billion, a PE ratio of -4,293.40, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. The stock’s fifty day simple moving average is $44.09 and its 200-day simple moving average is $64.84.

BILL (NYSE:BILL) last released its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, research analysts predict that BILL will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the sale, the senior vice president now owns 9,512 shares of the company’s stock, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

Hedge funds and other institutional investors have recently modified their holdings of the company. Crewe Advisors LLC boosted its position in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Empowered Funds LLC grew its stake in shares of 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 in the last quarter. Xponance Inc. grew its stake in shares of BILL by 1.6% during the 1st quarter. Xponance Inc. now owns 13,902 shares of the company’s stock worth $638,000 after acquiring an additional 222 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after acquiring an additional 247 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in BILL in the fourth quarter valued at $27,000. Institutional investors and hedge funds 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.