BILL Holdings, Inc. (NYSE:BILL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $80.89.

Several research analysts have recently commented on BILL shares. Keefe, Bruyette & Woods decreased their target price on BILL from $95.00 to $77.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. Robert W. Baird boosted their target price on shares of BILL from $74.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Piper Sandler restated an "overweight" rating and issued a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Susquehanna lifted their price target on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a report on Tuesday, January 7th.

BILL Stock Down 0.1 %

BILL traded down $0.05 during trading on Thursday, hitting $47.90. The company had a trading volume of 1,871,127 shares, compared to its average volume of 2,194,118. BILL has a 1-year low of $42.82 and a 1-year high of $100.19. 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 has a market cap of $4.88 billion, a PE ratio of -4,790.10, a P/E/G ratio of 29.46 and a beta of 2.00. The business has a 50-day moving average of $67.69 and a 200-day moving average of $70.06.

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BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts forecast that BILL will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legato Capital Management LLC bought a new stake in BILL during the fourth quarter worth approximately $828,000. Choreo LLC bought a new stake in shares of BILL in the 4th quarter worth $409,000. Rhumbline Advisers raised its stake in shares of BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock worth $22,959,000 after buying an additional 164,182 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BILL in the third quarter valued at $820,000. Finally, Telemark Asset Management LLC bought a new position in BILL during the third quarter valued at about $7,914,000. 97.99% of the stock is currently owned by 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.