BILL Holdings, Inc. (NYSE:BILL) Receives $74.61 Average PT from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $71.72.

Several research analysts have issued reports on the stock. KeyCorp lowered their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. The Goldman Sachs Group dropped their target price 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. Susquehanna increased their price target on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Morgan Stanley reissued an "overweight" rating on shares of BILL in a research note on Wednesday. Finally, Robert W. Baird decreased their target price on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, April 4th.

BILL Trading Down 0.7 %

Shares of NYSE:BILL traded down $0.28 during mid-day trading on Monday, reaching $40.63. 1,068,429 shares of the company's stock were exchanged, compared to its average volume of 2,277,613. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL has a twelve month low of $36.55 and a twelve month high of $100.19. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of -4,063.40, a PEG ratio of 29.46 and a beta of 1.88. The business's fifty day moving average price is $48.09 and its 200-day moving average price is $68.39.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results 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 return on equity of 1.53% and a net margin of 5.90%. On average, research analysts predict that BILL will post 0.12 EPS for the current fiscal year.

Institutional Trading of BILL

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after buying an additional 131 shares during 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 valued at $26,000 after purchasing an additional 173 shares during the last quarter. Empowered Funds LLC lifted its position in shares of BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock valued at $451,000 after purchasing an additional 207 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in BILL in the 4th quarter worth about $27,000. 97.99% of the stock is 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.