BILL Holdings, Inc. (NYSE:BILL) Given Consensus Rating of "Moderate Buy" by Brokerages

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $69.28.

BILL has been the topic of a number of analyst reports. Oppenheimer reduced their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Mizuho reduced their target price on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Piper Sandler lowered their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Finally, Seaport Res Ptn downgraded shares of BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Institutional Trading of BILL

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of BILL by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after buying an additional 1,241,432 shares during the last quarter. Groupama Asset Managment boosted its stake in BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of BILL by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after acquiring an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after purchasing an additional 852,863 shares during the last quarter. Finally, Greenhouse Funds LLLP grew its holdings in BILL by 0.8% during the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock valued at $118,307,000 after purchasing an additional 11,002 shares during the period. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

NYSE BILL opened at $47.60 on Friday. The firm's fifty day moving average price is $44.80 and its two-hundred day moving average price is $67.38. The stock has a market cap of $4.85 billion, a PE ratio of -4,759.80, a PEG ratio of 29.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.38 by $0.12. BILL had a return on equity of 1.53% and a net margin of 5.90%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts expect that BILL will post 0.12 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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