BILL Holdings, Inc. (NYSE:BILL) Receives $70.71 Average Target Price from Brokerages

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) has been given an average rating of "Hold" by the twenty research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $70.71.

Several analysts have recently issued reports on the company. Oppenheimer reduced their price objective on BILL from $95.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group raised their price target on shares of BILL from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. UBS Group cut their price objective on shares of BILL from $85.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Robert W. Baird raised their target price on shares of BILL from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $100.00 target price on shares of BILL in a research note on Friday, August 23rd.

BILL Price Performance

Shares of BILL stock traded down $0.70 during mid-day trading on Monday, reaching $57.07. The stock had a trading volume of 1,021,505 shares, compared to its average volume of 1,925,026. The company has a market cap of $6.06 billion, a P/E ratio of -72.24 and a beta of 1.61. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. BILL has a 12-month low of $43.11 and a 12-month high of $105.81. The business has a 50-day simple moving average of $52.94 and a 200 day simple moving average of $53.79.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, sell-side analysts anticipate that BILL will post -0.58 earnings per share for the current year.

Insider Activity

In other BILL news, insider Rajesh A. Aji sold 2,486 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.73, for a total value of $136,058.78. Following the completion of the transaction, the insider now owns 7,812 shares in the company, valued at $427,550.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BILL news, insider Rajesh A. Aji sold 2,486 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.73, for a total value of $136,058.78. Following the transaction, the insider now owns 7,812 shares in the company, valued at $427,550.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rene A. Lacerte bought 42,248 shares of the stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $49.60 per share, with a total value of $2,095,500.80. Following the completion of the purchase, the chief executive officer now directly owns 184,249 shares of the company's stock, valued at approximately $9,138,750.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 68,372 shares of company stock worth $3,404,826. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BILL

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of BILL by 1,167.5% in the third quarter. Blue Trust Inc. now owns 1,914 shares of the company's stock worth $101,000 after buying an additional 1,763 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in shares of BILL in the 3rd quarter worth about $220,000. Washington Capital Management Inc. bought a new stake in shares of BILL in the 3rd quarter worth about $274,000. Private Advisory Group LLC acquired a new stake in shares of BILL in the 3rd quarter valued at about $3,344,000. Finally, Handelsbanken Fonder AB lifted its position in shares of BILL by 27.8% during the third quarter. Handelsbanken Fonder AB now owns 27,156 shares of the company's stock worth $1,433,000 after purchasing an additional 5,900 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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.