BILL Holdings, Inc. (NYSE:BILL) Receives $103.57 Consensus PT from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $101.57.

Several research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Friday, February 9th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $60.00 price target (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. Jefferies Financial Group cut their target price on shares of BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer raised their target price on shares of BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th.

BILL Price Performance

BILL stock opened at $62.79 on Monday. The firm has a 50-day moving average price of $64.26 and a 200-day moving average price of $71.39. The firm has a market capitalization of $6.60 billion, a PE ratio of -58.14, a price-to-earnings-growth ratio of 84.82 and a beta of 1.66. 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 has a 12-month low of $51.94 and a 12-month high of $139.50.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. As a group, equities research analysts forecast that BILL will post 0.03 EPS for the current year.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction that occurred on 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 directly 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 can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in BILL by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock valued at $806,234,000 after acquiring an additional 162,428 shares during the period. Lone Pine Capital LLC increased its holdings in shares of BILL by 39.7% during the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after purchasing an additional 723,151 shares in the last quarter. Coatue Management LLC purchased a new position in shares of BILL during the 4th quarter valued at approximately $163,218,000. Abdiel Capital Advisors LP increased its holdings in shares of BILL by 16.6% during the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock valued at $139,632,000 after purchasing an additional 243,788 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of BILL during the 4th quarter valued at approximately $95,702,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.