BILL (NYSE:BILL) Hits New 52-Week High - Still a Buy?

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $91.69 and last traded at $91.23, with a volume of 27781 shares changing hands. The stock had previously closed at $89.98.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BILL shares. Evercore ISI reduced their price target on BILL from $70.00 to $60.00 and set an "in-line" rating for the company in a report on Friday, August 23rd. Wolfe Research lowered BILL from an "outperform" rating to a "peer perform" rating in a report on Thursday, August 1st. Wells Fargo & Company cut their price target on BILL from $60.00 to $45.00 and set an "underweight" rating for the company in a report on Tuesday, August 20th. The Goldman Sachs Group upped their price objective on shares of BILL from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $74.65.

BILL Trading Up 1.3 %

The stock has a market capitalization of $9.43 billion, a P/E ratio of -272.67 and a beta of 1.59. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $61.45 and a two-hundred day moving average price of $55.23.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business had revenue of $343.67 million for the quarter, compared to analysts' expectations of $328.27 million. During the same period last year, the firm posted $0.10 earnings per share. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. On average, analysts expect that BILL Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares of the company's stock, valued at approximately $375,639.75. This trade represents a 10.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now owns 1,038 shares in the company, valued at approximately $59,685. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 68,372 shares of company stock worth $3,404,826 and sold 6,112 shares worth $398,910. 4.20% of the stock is owned by corporate insiders.

Institutional Trading of BILL

Several institutional investors have recently added to or reduced their stakes in BILL. Brooklyn Investment Group acquired a new position in shares of BILL in the 3rd quarter worth approximately $28,000. Advisors Asset Management Inc. lifted its holdings in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company's stock valued at $45,000 after buying an additional 282 shares during the period. Versant Capital Management Inc acquired a new position in BILL in the second quarter valued at $46,000. Venturi Wealth Management LLC boosted its position in BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company's stock valued at $68,000 after acquiring an additional 1,020 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in BILL by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company's stock worth $96,000 after acquiring an additional 700 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.