Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Price Target at $74.65

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) has been given a consensus recommendation of "Hold" by the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $74.65.

A number of research analysts have recently commented on the company. Oppenheimer upped their price target on BILL from $70.00 to $83.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. BNP Paribas raised BILL from a "neutral" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Thursday, September 12th. Wolfe Research cut BILL from an "outperform" rating to a "peer perform" rating in a research report on Thursday, August 1st. Canaccord Genuity Group reiterated a "buy" rating and set a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of BILL from $60.00 to $55.00 and set a "market perform" rating on the stock in a research report on Friday, August 23rd.

Insider Transactions at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now owns 259 shares of the company's stock, valued at $23,310. The trade was a 75.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares of the company's stock, valued at $417,090.52. The trade was a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910. Company insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On BILL

A number of large investors have recently made changes to their positions in the business. Covestor Ltd lifted its stake in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company's stock valued at $100,000 after buying an additional 249 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in BILL by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company's stock valued at $449,000 after acquiring an additional 257 shares during the last quarter. Advisors Asset Management Inc. lifted its position in BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock valued at $58,000 after acquiring an additional 259 shares during the last quarter. Institute for Wealth Management LLC. increased its stake in BILL by 4.4% in the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company's stock valued at $404,000 after purchasing an additional 322 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of BILL by 7.1% during the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company's stock worth $411,000 after acquiring an additional 513 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Performance

Shares of BILL stock traded down $1.57 during midday trading on Friday, hitting $84.81. The company had a trading volume of 1,265,810 shares, compared to its average volume of 1,926,818. The stock has a market cap of $8.78 billion, a PE ratio of -261.76 and a beta of 1.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.55. The business's 50 day simple moving average is $58.11 and its two-hundred day simple moving average is $54.36. BILL has a 1-year low of $43.11 and a 1-year high of $91.19.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.54% and a net margin of 0.59%. The firm had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business's revenue was up 16.1% on a year-over-year basis. As a group, equities analysts predict that BILL will post -0.57 EPS for the current fiscal 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.