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

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) have earned an average rating of "Hold" from the twenty-three analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $62.10.

BILL has been the topic of several recent research reports. KeyCorp lowered their price target on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Truist Financial boosted their price target on shares of BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Citigroup lowered their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Wells Fargo & Company decreased their target price on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. Finally, BTIG Research began coverage on shares of BILL in a research report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target on the stock.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the sale, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. This represents a 16.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction of $73,100.90. Following the sale, the senior vice president owned 9,512 shares in the company, valued at $404,735.60. This represents 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.

Hedge Funds Weigh In On BILL

A number of hedge funds and other institutional investors have recently modified their holdings of BILL. Groupama Asset Managment raised its holdings in shares of BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the last quarter. Contour Asset Management LLC acquired a new stake in BILL during the first quarter valued at $65,783,000. Dimensional Fund Advisors LP grew its position in shares of BILL by 110.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after purchasing an additional 1,309,337 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock valued at $1,091,019,000 after purchasing an additional 1,241,432 shares during the period. Finally, Norges Bank acquired a new stake in shares of BILL in the fourth quarter valued at about $99,906,000. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

BILL opened at $46.11 on Wednesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of -384.22, a P/E/G ratio of 12.23 and a beta of 1.35. The business's 50-day moving average price is $45.35 and its two-hundred day moving average price is $54.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. BILL has a 1 year low of $36.55 and a 1 year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating 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 firm had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. During the same period last year, the firm earned $0.60 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts expect that BILL will post 0.12 EPS for the current fiscal year.

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.

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