BILL Holdings, Inc. (NYSE:BILL – Get Free Report) shares gapped up prior to trading on Friday after Oppenheimer raised their price target on the stock from $70.00 to $83.00. The stock had previously closed at $65.90, but opened at $78.23. Oppenheimer currently has an outperform rating on the stock. BILL shares last traded at $77.50, with a volume of 442,820 shares trading hands.
A number of other research firms also recently commented on BILL. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Piper Sandler lifted their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. reduced their target price on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Canaccord Genuity Group restated a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Finally, Evercore ISI reduced their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.65.
Read Our Latest Stock Analysis on BILL
Insider Transactions at BILL
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its stake in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc acquired a new stake in BILL in the second quarter valued at $46,000. Venturi Wealth Management LLC increased its position in shares of BILL by 377.8% in the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after buying an additional 700 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.
BILL Stock Performance
The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $55.45 and its 200 day moving average is $53.63.
BILL (NYSE:BILL – Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts expect that BILL Holdings, Inc. will post -0.58 earnings per share 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.
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