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

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $101.57.

BILL has been the topic of a number of recent analyst reports. BNP Paribas raised BILL from an "underperform" rating to a "neutral" rating and set a $72.00 price target on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. lowered their price target on BILL from $93.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, February 9th. Citigroup increased their price objective on shares of BILL from $85.00 to $86.00 and gave the company a "buy" rating in a report on Monday, February 12th. Oppenheimer boosted their target price on shares of BILL from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Friday, February 9th. Finally, Robert W. Baird cut their target price on shares of BILL from $78.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 22nd.

BILL Stock Performance

BILL stock traded up $0.59 during midday trading on Monday, hitting $63.03. The stock had a trading volume of 1,189,800 shares, compared to its average volume of 2,116,240. BILL has a 52-week low of $51.94 and a 52-week high of $139.50. The company has a market capitalization of $6.63 billion, a PE ratio of -58.36, a P/E/G ratio of 84.04 and a beta of 1.66. The firm's fifty day moving average is $64.25 and its two-hundred day moving average is $71.79. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analysts' expectations of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. On average, research analysts forecast that BILL will post 0.03 EPS for the current year.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 920 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in BILL during the 4th quarter worth $35,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company's stock valued at $56,000 after acquiring an additional 295 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of BILL in the fourth quarter valued at about $90,000. Sands Capital Management LLC purchased a new stake in BILL in the third quarter worth about $136,000. Finally, Principal Securities Inc. bought a new position in BILL during the 4th quarter worth about $138,000. 97.99% of the stock is currently owned by institutional investors.

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.