BILL Holdings, Inc. (NYSE:BILL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $85.00.

Several analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Mizuho boosted their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th.

BILL Price Performance

BILL stock opened at $97.01 on Wednesday. The business’s 50-day moving average is $88.51 and its two-hundred day moving average is $67.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $10.04 billion, a P/E ratio of -293.97, a P/E/G ratio of 89.33 and a beta of 1.72. BILL has a 1 year low of $43.11 and a 1 year high of $98.57.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now directly owns 259 shares in the company, valued at $23,310. This trade represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Algert Global LLC lifted its holdings in BILL by 602.3% in the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after purchasing an additional 52,758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BILL in the second quarter valued at approximately $268,000. Handelsbanken Fonder AB lifted its stake in shares of BILL by 27.8% during the third quarter. Handelsbanken Fonder AB now owns 27,156 shares of the company’s stock valued at $1,433,000 after buying an additional 5,900 shares during the period. Private Advisory Group LLC acquired a new stake in BILL during the third quarter worth approximately $3,344,000. Finally, Washington Capital Management Inc. purchased a new stake in BILL in the 3rd quarter worth approximately $274,000. 97.99% of the stock is currently 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.