BILL Holdings, Inc. (NYSE:BILL) Receives $74.65 Average Target Price from Analysts

Shares of BILL Holdings, Inc. (NYSE:BILL) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $74.65.

Several brokerages have recently commented on BILL. Piper Sandler lifted their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their price objective on shares of BILL from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Finally, Keefe, Bruyette & Woods lowered their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd.

Insider Buying and Selling

In other BILL news, CFO John R. Rettig acquired 21,124 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the transaction, the chief financial officer now directly owns 80,474 shares in the company, valued at $3,975,415.60. This represents a 35.59 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rene A. Lacerte acquired 42,248 shares of BILL stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, for a total transaction 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 $9,138,750.40. This represents a 29.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Abdiel Capital Advisors LP grew its holdings in shares of BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of BILL during the first quarter worth $59,341,000. Dimensional Fund Advisors LP increased its holdings in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after acquiring an additional 321,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of BILL by 297.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after acquiring an additional 284,935 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Price Performance

NYSE:BILL opened at $84.69 on Friday. The stock has a market capitalization of $8.77 billion, a PE ratio of -256.64 and a beta of 1.59. BILL has a 1-year low of $43.11 and a 1-year high of $91.19. The firm has a fifty day simple moving average of $58.71 and a 200 day simple moving average of $54.40. The company has a current ratio of 1.53, a quick ratio of 1.55 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, research analysts expect that BILL will post -0.18 EPS for the current fiscal year.

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.