BILL Holdings, Inc. (NYSE:BILL) Receives $80.89 Average PT from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $80.89.

BILL has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Monday, March 17th. Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating and set a $85.00 target price on shares of BILL in a report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th.

BILL Price Performance

Shares of BILL opened at $50.95 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The company’s fifty day moving average price is $67.09 and its 200-day moving average price is $70.13. BILL has a 1-year low of $42.82 and a 1-year high of $100.19. The firm has a market capitalization of $5.19 billion, a PE ratio of -5,095.40, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. purchased a new stake in BILL in the third quarter valued at $303,000. Empowered Funds LLC purchased a new stake in shares of BILL in the 3rd quarter valued at about $270,000. Natixis Advisors LLC purchased a new stake in shares of BILL in the 3rd quarter valued at about $3,367,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in BILL during the 3rd quarter worth approximately $2,428,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in BILL by 531.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 152,282 shares of the company’s stock worth $8,034,000 after buying an additional 128,148 shares during the last quarter. 97.99% of the stock is 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.