BILL (NYSE:BILL) Hits New 12-Month High – Time to Buy?

BILL Holdings, Inc. (NYSE:BILL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.93 and last traded at $98.39, with a volume of 1488697 shares traded. The stock had previously closed at $92.89.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BILL. Oppenheimer upped their target price on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler boosted their target price on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Susquehanna boosted their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their target price on BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average price target of $85.00.

BILL Trading Up 4.4 %

The stock has a market capitalization of $10.04 billion, a P/E ratio of -293.97, a price-to-earnings-growth ratio of 89.33 and a beta of 1.72. The stock has a 50-day moving average price of $88.51 and a two-hundred day moving average price of $67.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Institutional Trading of BILL

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp purchased a new position in BILL in the 4th quarter worth $27,000. UMB Bank n.a. acquired a new stake in BILL during the 4th quarter worth about $35,000. Finally, Brooklyn Investment Group acquired a new position in shares of BILL in the third quarter valued at about $28,000. 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.