BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Moderate Buy” from Brokerages

BILL Holdings, Inc. (NYSE:BILL) has received an average rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $81.72.

A number of analysts have recently issued reports on the stock. Mizuho raised their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Susquehanna increased their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Finally, KeyCorp dropped their price target on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th.

BILL Price Performance

Shares of NYSE BILL opened at $52.63 on Friday. The company has a 50 day moving average of $82.58 and a 200 day moving average of $70.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL has a twelve month low of $43.11 and a twelve month high of $100.19. The firm has a market cap of $5.37 billion, a P/E ratio of -5,263.40, a PEG ratio of 31.59 and a beta of 1.76.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, research analysts expect that BILL will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently modified their holdings of BILL. GAMMA Investing LLC boosted its stake in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC lifted its holdings in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp bought a new position in BILL in the 4th quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in BILL during the 3rd quarter valued at approximately $28,000. Finally, CoreCap Advisors LLC bought a new stake in shares of BILL during the fourth quarter valued at approximately $30,000. 97.99% of the stock is currently owned by institutional investors.

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.