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

BILL Holdings, Inc. (NYSE:BILL) has been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $62.75.

Several research firms recently weighed in on BILL. Truist Financial initiated coverage on shares of BILL in a research note on Monday, June 2nd. They set a “hold” rating and a $47.00 price objective on the stock. KeyCorp cut their price objective on BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Piper Sandler lowered their target price on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Oppenheimer raised their target price on shares of BILL from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Finally, Robert W. Baird reduced their price target on shares of BILL from $82.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, April 4th.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the transaction, the senior vice president owned 9,512 shares of the company’s stock, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajesh A. Aji sold 1,780 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the transaction, the insider directly owned 9,298 shares in the company, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in shares of BILL by 237.9% in the fourth quarter. IFP Advisors Inc now owns 1,115 shares of the company’s stock valued at $94,000 after purchasing an additional 785 shares during the period. Cetera Investment Advisers acquired a new position in BILL in the 4th quarter valued at about $467,000. Fifth Third Bancorp raised its holdings in BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. Keybank National Association OH bought a new position in BILL in the 4th quarter valued at about $253,000. Finally, Stifel Financial Corp acquired a new stake in BILL during the fourth quarter worth approximately $558,000. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 1.1%

Shares of NYSE:BILL opened at $46.54 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -387.80, a P/E/G ratio of 9.80 and a beta of 1.35. The company has a 50 day moving average of $45.06 and a 200-day moving average of $58.22. BILL has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL) last released its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 2.70% and a return on equity of 1.21%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. On average, sell-side analysts forecast that BILL will post 0.12 earnings per share for the current year.

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.