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

Shares of BILL Holdings, Inc. (NYSE:BILL) have received an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $80.89.

A number of equities analysts recently weighed in on the stock. KeyCorp cut their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday. Oppenheimer cut their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Mizuho boosted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird boosted their price target on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd.

BILL Stock Performance

NYSE BILL opened at $48.03 on Thursday. BILL has a 1 year low of $42.82 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -4,802.60, a PEG ratio of 29.46 and a beta of 2.00. The company has a fifty day moving average price of $69.08 and a 200-day moving average price of $70.14.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, equities research analysts predict that BILL will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On BILL

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC increased its position in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of BILL in the fourth quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of BILL in the third quarter worth approximately $28,000. Finally, CoreCap Advisors LLC bought a new position in shares of BILL in the fourth quarter worth approximately $30,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.