BILL Holdings, Inc. (NYSE:BILL) Receives $83.79 Consensus PT from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $83.53.

A number of equities analysts recently issued reports on BILL shares. Keefe, Bruyette & Woods lowered their price target on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Monday. Oppenheimer increased their target price on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Mizuho upped their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, September 12th.

BILL Stock Down 1.0 %

Shares of NYSE BILL opened at $87.39 on Friday. The business has a 50-day moving average of $83.85 and a two-hundred day moving average of $63.34. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of -264.82 and a beta of 1.72. BILL has a 1 year low of $43.11 and a 1 year high of $97.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock valued at $218,887 over the last quarter. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Brooklyn Investment Group acquired a new position in BILL in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. lifted its holdings in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of BILL by 15.1% during the third 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. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.