Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Target Price at $80.89

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $80.89.

A number of research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Monday, March 17th. The Goldman Sachs Group reduced their price target on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $85.00 price objective on shares of BILL in a report on Friday, February 7th. KeyCorp reduced their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Finally, Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Thursday, January 16th.

BILL Price Performance

NYSE BILL opened at $47.90 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -4,790.10, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The company has a 50 day simple moving average of $67.69 and a 200-day simple moving average of $70.06. BILL has a 52-week low of $42.82 and a 52-week high of $100.19.

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

Hedge Funds Weigh In On BILL

A number of institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. bought a new stake in BILL during the 3rd quarter valued at approximately $303,000. Empowered Funds LLC acquired a new position in shares of BILL during the third quarter worth approximately $270,000. Natixis Advisors LLC bought a new stake in shares of BILL in the third quarter valued at approximately $3,367,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of BILL in the third quarter worth $2,428,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in BILL by 531.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 152,282 shares of the company’s stock worth $8,034,000 after acquiring an additional 128,148 shares during the period. 97.99% of the stock is currently owned by institutional investors.

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.