BILL Holdings, Inc. (NYSE:BILL) Receives Average Recommendation of “Moderate Buy” from Brokerages

BILL Holdings, Inc. (NYSE:BILL) has received an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $71.72.

A number of research analysts have recently issued reports on BILL shares. Susquehanna boosted their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Morgan Stanley restated an “overweight” rating on shares of BILL in a report on Wednesday. Oppenheimer reduced their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price target on shares of BILL in a report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd.

BILL Trading Down 0.7 %

NYSE BILL opened at $40.63 on Monday. The company has a market cap of $4.14 billion, a price-to-earnings ratio of -4,063.40, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL has a twelve month low of $36.55 and a twelve month 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 business’s fifty day moving average is $48.09 and its 200 day moving average is $68.39.

BILL (NYSE:BILL) last announced its quarterly earnings results 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 net margin of 5.90% and a return on equity of 1.53%. As a group, sell-side analysts expect that BILL will post 0.12 EPS for the current fiscal year.

Institutional Trading of BILL

A number of institutional investors have recently modified their holdings of BILL. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC increased its stake in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in BILL in the fourth quarter worth about $27,000. CoreCap Advisors LLC bought a new position in shares of BILL in the fourth quarter worth approximately $30,000. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after buying an additional 247 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.