BILL Holdings, Inc. (NYSE:BILL) Receives $81.72 Average Price Target from Analysts

BILL Holdings, Inc. (NYSE:BILL) has earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $81.72.

Several analysts have recently commented on BILL shares. Robert W. Baird lifted their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 price target on shares of BILL in a research note on Friday, February 7th. Mizuho increased their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th.

BILL Stock Up 0.6 %

Shares of BILL opened at $54.34 on Friday. BILL has a 52-week low of $43.11 and a 52-week high of $100.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $79.94 and a two-hundred day simple moving average of $70.26. The company has a market capitalization of $5.54 billion, a PE ratio of -5,434.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.76.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, equities analysts forecast that BILL will post 0.12 EPS for the current year.

Institutional Investors Weigh In On BILL

A number of hedge funds have recently bought and sold shares of the stock. Groupama Asset Managment increased its stake in shares of BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after buying an additional 3,500,000 shares during the period. Abdiel Capital Advisors LP grew its holdings in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after acquiring an additional 1,666,316 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in BILL by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock worth $1,091,019,000 after acquiring an additional 1,241,432 shares in the last quarter. Norges Bank purchased a new stake in shares of BILL in the 4th quarter valued at approximately $99,906,000. Finally, Invesco Ltd. raised its holdings in shares of BILL by 828.1% in the 4th quarter. Invesco Ltd. now owns 1,301,720 shares of the company’s stock valued at $110,269,000 after purchasing an additional 1,161,457 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.