BILL Holdings, Inc. (NYSE:BILL – Get Free Report) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $69.18.
Several research analysts have commented on the company. The Goldman Sachs Group downgraded BILL from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $86.00 to $54.00 in a research note on Friday, August 23rd. Evercore ISI decreased their price target 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. Mizuho lowered their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Finally, Robert W. Baird cut their price target on BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd.
Get Our Latest Stock Report on BILL
Insider Buying and Selling
Institutional Trading of BILL
A number of institutional investors and hedge funds have recently modified their holdings of BILL. Quest Partners LLC acquired a new position in BILL in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. lifted its stake in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of BILL during the 2nd quarter worth $46,000. Benjamin F. Edwards & Company Inc. raised its stake in BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new stake in BILL during the fourth quarter worth approximately $90,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.
BILL Price Performance
BILL stock opened at $54.56 on Friday. The stock has a 50-day moving average price of $50.74 and a two-hundred day moving average price of $56.72. BILL has a 1 year low of $43.11 and a 1 year high of $119.32. The stock has a market cap of $5.79 billion, a PE ratio of -69.06 and a beta of 1.61. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.
BILL (NYSE:BILL – Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same period in the previous year, the business earned $0.10 EPS. BILL’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts forecast that BILL will post -0.19 EPS for the current fiscal 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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