BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Recommendation of “Hold” from Analysts

BILL Holdings, Inc. (NYSE:BILL) has earned an average recommendation of “Hold” from the twenty research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $70.71.

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. UBS Group cut their target price on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company reduced their target price on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Evercore ISI lowered their price target 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. Finally, Wolfe Research lowered shares of BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st.

BILL Stock Performance

Shares of BILL stock opened at $57.77 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $52.73 and a 200 day simple moving average of $53.82. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $107.08. The firm has a market cap of $6.13 billion, a P/E ratio of -73.13 and a beta of 1.61.

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

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 803 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Germaine Cota sold 803 shares of BILL stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajesh A. Aji sold 2,486 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the completion of the sale, the insider now directly owns 7,812 shares in the company, valued at approximately $427,550.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 68,372 shares of company stock worth $3,404,826. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

Several hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares in the last quarter. Versant Capital Management Inc acquired a new position in BILL during the second quarter worth $46,000. UniSuper Management Pty Ltd raised its position in BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares in the last quarter. Finally, Covestor Ltd raised its position in BILL by 1,742.7% during the first quarter. Covestor Ltd now owns 1,640 shares of the company’s stock worth $113,000 after acquiring an additional 1,551 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

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.