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

BILL Holdings, Inc. (NYSE:BILL) has received an average rating of “Hold” from the twenty-one research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $83.79.

A number of equities research analysts recently weighed in on the company. Oppenheimer upped their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, September 12th. Piper Sandler boosted their price objective on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Mizuho raised their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Morgan Stanley upped their price target on BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at approximately $59,685. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,823 shares of company stock worth $218,887. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Several institutional investors have recently modified their holdings of BILL. GAMMA Investing LLC boosted its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Covestor Ltd lifted its position in shares of BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares during the last quarter. Versant Capital Management Inc raised its stake in BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock worth $137,000 after acquiring an additional 340 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in BILL by 7.1% in the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock valued at $411,000 after acquiring an additional 513 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Performance

Shares of NYSE:BILL opened at $88.24 on Friday. The firm has a 50 day moving average of $82.57 and a 200 day moving average of $62.56. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of -267.39 and a beta of 1.72. BILL has a 52 week low of $43.11 and a 52 week high of $97.86.

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.