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

Key Points

• BILL Holdings, Inc. has received a consensus rating of "Moderate Buy" from twenty-two analysts, with twelve recommending a buy, nine a hold, and one a sell.
• The average 1-year price target for BILL shares is approximately $62.10, with recent adjustments from analysts affecting target prices significantly.
• Institutional investors hold a substantial 97.99% of BILL’s stock, indicating strong confidence in the company's performance and potential for growth.

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $62.0952.

Several research analysts have recently weighed in on BILL shares. Citigroup reduced their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Oppenheimer upped their price target on shares of BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, May 9th. BTIG Research started coverage on shares of BILL in a report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price target for the company. Truist Financial upped their price target on shares of BILL from $47.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Finally, Morgan Stanley cut shares of BILL from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $60.00 to $55.00 in a report on Wednesday, June 11th.

BILL Trading Up 2.3%

BILL opened at $40.40 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $4.16 billion, a price-to-earnings ratio of -336.64, a price-to-earnings-growth ratio of 8.94 and a beta of 1.35. The firm has a 50 day simple moving average of $44.33 and a 200 day simple moving average of $48.38. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the transaction, the senior vice president owned 9,512 shares in the company, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the 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 of the company's stock, valued at approximately $420,734.50. The trade was a 16.07% 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 Investors Weigh In On BILL

Several institutional investors have recently added to or reduced their stakes in BILL. CoreCap Advisors LLC purchased a new position in BILL during the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC raised its position in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after acquiring an additional 247 shares in the last quarter. GeoWealth Management LLC purchased a new position in BILL during the fourth quarter valued at approximately $32,000. Fifth Third Bancorp raised its position in BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Finally, Quarry LP raised its position in BILL by 85.9% during the first quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after acquiring an additional 354 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

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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