BILL Holdings, Inc. (NYSE:BILL) Receives $63.00 Average PT from Analysts

Shares of BILL Holdings, Inc. (NYSE:BILL) have earned an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.00.

A number of equities analysts have recently commented on BILL shares. UBS Group raised their target price on shares of BILL from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Needham & Company LLC cut their target price on shares of BILL from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group cut their target price on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Canaccord Genuity Group cut their target price on shares of BILL from $105.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Finally, BTIG Research began coverage on shares of BILL in a research note on Wednesday, April 30th. They issued a “buy” rating and a $60.00 target price on the stock.

BILL Stock Performance

NYSE:BILL opened at $45.62 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.70 billion, a P/E ratio of -4,562.00, a P/E/G ratio of 29.46 and a beta of 1.36. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The firm’s 50 day moving average is $43.98 and its two-hundred day moving average is $63.35.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. BILL’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Analysts expect that BILL will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,718 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction of $73,100.90. Following the completion of the transaction, the senior vice president now directly owns 9,512 shares of the company’s stock, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Legato Capital Management LLC acquired a new position in BILL during the 4th quarter worth $828,000. Choreo LLC acquired a new position in BILL during the 4th quarter worth $409,000. Rhumbline Advisers grew its holdings in BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after acquiring an additional 164,182 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in BILL during the 4th quarter worth $919,000. Finally, IFP Advisors Inc grew its holdings in BILL by 237.9% during the 4th quarter. IFP Advisors Inc now owns 1,115 shares of the company’s stock worth $94,000 after acquiring an additional 785 shares in 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.