Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Price Target at $62.75

Shares of BILL Holdings, Inc. (NYSE:BILLGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $62.75.

BILL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Oppenheimer upped their price target on shares of BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Citigroup lowered their price target on BILL from $88.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. Piper Sandler dropped their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, KeyCorp decreased their target price on BILL from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th.

Read Our Latest Stock Report on BILL

BILL Stock Up 1.6%

Shares of BILL stock opened at $46.28 on Friday. The stock’s 50 day simple moving average is $44.88 and its 200 day simple moving average is $58.38. BILL has a twelve month low of $36.55 and a twelve month high of $100.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of -385.63, a PEG ratio of 11.47 and a beta of 1.36.

BILL (NYSE:BILLGet Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The company had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same quarter last year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts predict that BILL will post 0.12 EPS for the current year.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction of $73,100.90. Following the sale, the senior vice president owned 9,512 shares in the company, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rajesh A. Aji sold 1,780 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BILL

Hedge funds have recently made changes to their positions in the business. IFP Advisors Inc increased its stake in BILL by 237.9% in the fourth quarter. IFP Advisors Inc now owns 1,115 shares of the company’s stock valued at $94,000 after acquiring an additional 785 shares during the period. Cetera Investment Advisers acquired a new stake in BILL during the fourth quarter valued at approximately $467,000. Fifth Third Bancorp boosted its holdings in BILL by 134.1% during the first quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Keybank National Association OH acquired a new position in shares of BILL in the 4th quarter worth approximately $253,000. Finally, Stifel Financial Corp acquired a new position in shares of BILL in the 4th quarter worth approximately $558,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.

Recommended Stories

Analyst Recommendations for BILL (NYSE:BILL)

Receive News & Ratings for BILL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BILL and related companies with MarketBeat.com's FREE daily email newsletter.