Analysts Set BILL Holdings, Inc. (NYSE:BILL) Price Target at $63.00

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-two brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $63.00.

Several brokerages have recently weighed in on BILL. Mizuho cut their price objective on shares of BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. KeyCorp reduced 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 assumed coverage on shares of BILL in a research report on Monday. They issued a "hold" rating and a $47.00 price objective for the company. Robert W. Baird decreased their price target on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, UBS Group increased their price target on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 9th.

BILL Trading Up 1.1%

BILL stock traded up $0.50 during midday trading on Tuesday, hitting $45.60. The stock had a trading volume of 1,931,930 shares, compared to its average volume of 2,765,094. The company's 50-day moving average price is $44.03 and its 200 day moving average price is $64.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $4.70 billion, a PE ratio of -4,560.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. BILL has a 12-month low of $36.55 and a 12-month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. The business had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 value of $73,100.90. Following the sale, the senior vice president now owns 9,512 shares in the company, valued at approximately $404,735.60. This represents a 15.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company's stock.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently bought and sold shares of BILL. Strs Ohio acquired a new position in shares of BILL in the 1st quarter worth approximately $10,892,000. Acadian Asset Management LLC lifted its stake in BILL by 230.4% during the first quarter. Acadian Asset Management LLC now owns 38,237 shares of the company's stock worth $1,754,000 after purchasing an additional 26,664 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in BILL by 234.0% in the first quarter. Plato Investment Management Ltd now owns 1,630 shares of the company's stock worth $76,000 after purchasing an additional 1,142 shares during the period. Bayforest Capital Ltd increased its stake in BILL by 265.4% during the first quarter. Bayforest Capital Ltd now owns 6,164 shares of the company's stock valued at $283,000 after purchasing an additional 4,477 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BILL by 133.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company's stock worth $93,552,000 after purchasing an additional 1,165,398 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

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.