BILL Holdings, Inc. (NYSE:BILL) Receives $83.79 Average Target Price from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $83.95.

A number of analysts recently commented on BILL shares. KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective on the stock in a research note on Wednesday, December 18th. Robert W. Baird increased their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Mizuho increased their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley increased their target price on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler increased their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now owns 1,038 shares in the company, valued at approximately $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BILL

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Brooklyn Investment Group acquired a new stake in BILL during the 3rd quarter valued at approximately $28,000. Advisors Asset Management Inc. grew its stake in BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Venturi Wealth Management LLC grew its stake in BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Up 0.8 %

BILL opened at $83.11 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm has a market cap of $8.60 billion, a P/E ratio of -251.85 and a beta of 1.72. BILL has a 52 week low of $43.11 and a 52 week high of $97.86. The business’s fifty day simple moving average is $85.88 and its 200 day simple moving average is $64.09.

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.