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

Shares of BILL Holdings, Inc. (NYSE:BILLGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $96.21.

Several equities research analysts have recently issued reports on the stock. William Blair reiterated a “market perform” rating on shares of BILL in a research report on Friday, May 3rd. Robert W. Baird dropped their price objective on shares of BILL from $74.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Mizuho reduced their target price on BILL from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. BMO Capital Markets dropped their price target on BILL from $82.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Monday, June 10th.

Check Out Our Latest Stock Analysis on BILL

Insider Buying and Selling

In related news, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now directly owns 9,126 shares of the company’s stock, valued at approximately $470,901.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the transaction, the insider now owns 9,126 shares of the company’s stock, valued at approximately $470,901.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Germaine Cota sold 642 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the sale, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at $312,480.63. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of BILL during the 4th quarter worth $35,000. Advisors Asset Management Inc. grew its holdings in BILL by 75.0% during the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in BILL by 57.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares during the period. Garner Asset Management Corp bought a new stake in shares of BILL in the 4th quarter valued at about $90,000. Finally, UniSuper Management Pty Ltd lifted its position in shares of BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after purchasing an additional 700 shares during the period. 97.99% of the stock is owned by institutional investors.

BILL Stock Up 0.4 %

BILL opened at $48.43 on Tuesday. BILL has a fifty-two week low of $45.90 and a fifty-two week high of $139.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of -61.30 and a beta of 1.61. The firm’s fifty day moving average is $55.35 and its 200 day moving average is $65.36.

BILL (NYSE:BILLGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $323.03 million during the quarter, compared to analyst estimates of $305.23 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. On average, sell-side analysts forecast that BILL will post -0.19 earnings per share for the current fiscal year.

BILL Company Profile

(Get Free Report

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.

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Analyst Recommendations for BILL (NYSE:BILL)

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