BILL Holdings, Inc. (NYSE:BILL) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $62.75.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group lowered their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC restated a "buy" rating and issued a $75.00 price target on shares of BILL in a report on Thursday. Piper Sandler lowered 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 Thursday, April 10th. Finally, Seaport Res Ptn cut shares of BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th.

Insider Buying and Selling

In related news, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the sale, the insider now owns 9,298 shares of the company's stock, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president now directly owns 9,512 shares in the company, valued at approximately $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company's stock.

Institutional Trading of BILL

A number of hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC boosted its stake in BILL by 29.7% in the 1st quarter. Voya Investment Management LLC now owns 58,463 shares of the company's stock worth $2,683,000 after buying an additional 13,375 shares during the last quarter. Strs Ohio acquired a new stake in BILL in the 1st quarter worth about $10,892,000. Acadian Asset Management LLC boosted its stake in BILL by 230.4% in the 1st quarter. Acadian Asset Management LLC now owns 38,237 shares of the company's stock worth $1,754,000 after buying an additional 26,664 shares during the last quarter. Plato Investment Management Ltd boosted its stake in BILL by 234.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,630 shares of the company's stock worth $76,000 after buying an additional 1,142 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its stake in BILL by 265.4% in the 1st quarter. Bayforest Capital Ltd now owns 6,164 shares of the company's stock worth $283,000 after buying an additional 4,477 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Trading Up 0.7%

Shares of NYSE BILL traded up $0.32 during mid-day trading on Friday, reaching $45.62. The company had a trading volume of 2,270,376 shares, compared to its average volume of 2,327,002. The business's 50-day moving average is $44.75 and its 200-day moving average is $58.89. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of -380.11, a price-to-earnings-growth ratio of 11.47 and a beta of 1.36. BILL has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The company had revenue of $358.22 million for the quarter, compared to analysts' expectations of $355.85 million. During the same period in the prior year, the business earned $0.60 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts expect that BILL will post 0.12 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.