Ardsley Advisory Partners LP Buys Shares of 41,000 BILL Holdings, Inc. (NYSE:BILL)

Ardsley Advisory Partners LP purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,000 shares of the company's stock, valued at approximately $3,473,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC boosted its position in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of BILL during the 4th quarter worth $27,000. Global Retirement Partners LLC increased its holdings in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BILL has been the topic of several recent analyst reports. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Piper Sandler cut their price objective on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. Canaccord Genuity Group reiterated a "buy" rating and issued a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Trading Down 0.2 %

Shares of BILL traded down $0.08 during trading hours on Tuesday, reaching $45.12. 1,893,871 shares of the company traded hands, compared to its average volume of 2,245,305. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The stock's fifty day moving average price is $45.23 and its 200 day moving average price is $67.75. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of -4,511.50, a PEG ratio of 29.46 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL 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.