BILL Holdings, Inc. (NYSE:BILL) Receives $70.71 Consensus Price Target from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been assigned a consensus rating of “Hold” from the twenty research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $70.71.

Several research firms have recently issued reports on BILL. Oppenheimer decreased their price objective on BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Thursday, September 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. Evercore ISI decreased their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd. Finally, Piper Sandler lifted their target price on BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, August 23rd.

BILL Stock Performance

BILL stock opened at $55.30 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a fifty day moving average of $53.27 and a two-hundred day moving average of $53.75. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of -70.00 and a beta of 1.61. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $105.81.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. On average, analysts anticipate that BILL will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John R. Rettig bought 21,124 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the completion of the transaction, the chief financial officer now owns 80,474 shares of the company’s stock, valued at approximately $3,975,415.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 68,372 shares of company stock valued at $3,404,826 and have sold 3,808 shares valued at $209,866. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale increased its holdings in BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after buying an additional 257 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in 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 buying an additional 295 shares during the last quarter. Institute for Wealth Management LLC. increased its holdings in BILL by 4.4% in the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after buying an additional 322 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in BILL by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after buying an additional 700 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.