BILL (NYSE:BILL) Shares Gap Up - Should You Buy?

Shares of BILL Holdings, Inc. (NYSE:BILL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $83.69, but opened at $89.10. BILL shares last traded at $88.35, with a volume of 672,357 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on BILL. Mizuho increased their price target on BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Evercore ISI dropped their target price on BILL from $70.00 to $60.00 and set an "in-line" rating for the company in a research note on Friday, August 23rd. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. The Goldman Sachs Group upped their price objective on shares of BILL from $77.00 to $96.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Finally, Robert W. Baird increased their price objective on shares of BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.79.

BILL Trading Up 5.7 %

The firm has a fifty day moving average of $76.43 and a 200-day moving average of $60.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of -268.00 and a beta of 1.72.

Insider Activity

In other BILL news, SVP Germaine Cota sold 1,525 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alison Wagonfeld sold 779 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 259 shares of the company's stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BILL. Covestor Ltd increased its stake in shares of BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company's stock worth $100,000 after buying an additional 249 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock worth $58,000 after purchasing an additional 259 shares during the last quarter. Institute for Wealth Management LLC. increased its position in shares of BILL by 4.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company's stock worth $404,000 after purchasing an additional 322 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of BILL by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company's stock valued at $411,000 after purchasing an additional 513 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of BILL during the third quarter worth about $28,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Company Profile

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.