BILL Holdings, Inc. (NYSE:BILL) Sees Significant Increase in Short Interest

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 7,620,000 shares, a growth of 19.8% from the January 31st total of 6,360,000 shares. Based on an average daily trading volume, of 3,180,000 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on BILL from $104.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Susquehanna upped their price target on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Robert W. Baird raised their price objective on shares of BILL from $74.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $85.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods cut their price target on BILL from $95.00 to $77.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $81.72.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Aigen Investment Management LP lifted its stake in shares of BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company's stock valued at $2,931,000 after purchasing an additional 47,761 shares during the last quarter. Legato Capital Management LLC purchased a new stake in BILL during the 4th quarter valued at $828,000. WoodTrust Financial Corp bought a new stake in BILL in the third quarter worth $422,000. Choreo LLC purchased a new position in BILL during the fourth quarter worth $409,000. Finally, Rhumbline Advisers increased its position in BILL by 153.7% during the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock valued at $22,959,000 after acquiring an additional 164,182 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Price Performance

NYSE:BILL traded down $3.78 during trading hours on Monday, reaching $43.46. The stock had a trading volume of 3,740,533 shares, compared to its average volume of 3,567,396. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $4.43 billion, a PE ratio of -4,346.00, a PEG ratio of 29.46 and a beta of 2.00. BILL has a 52 week low of $43.11 and a 52 week high of $100.19. The company has a 50 day moving average price of $75.38 and a two-hundred day moving average price of $70.61.

BILL (NYSE:BILL - Get Free Report) last released its quarterly 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, sell-side analysts anticipate that BILL will post 0.12 earnings per share 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.