BILL Holdings, Inc. (NYSE:BILL) Receives $81.72 Consensus PT from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $81.72.

BILL has been the topic of a number of recent analyst reports. Oppenheimer reduced their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company cut their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BILL. Public Employees Retirement System of Ohio bought a new stake in BILL in the 4th quarter valued at about $2,933,000. JT Stratford LLC bought a new stake in BILL in the 4th quarter valued at about $369,000. Castleark Management LLC bought a new stake in BILL in the 4th quarter valued at about $5,907,000. Vident Advisory LLC bought a new stake in BILL in the 4th quarter valued at about $281,000. Finally, Two Sigma Advisers LP increased its position in BILL by 61.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,112,500 shares of the company’s stock valued at $94,240,000 after buying an additional 421,700 shares in the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Price Performance

Shares of BILL stock opened at $53.59 on Friday. The stock’s fifty day moving average is $81.21 and its 200-day moving average is $70.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $5.46 billion, a PE ratio of -5,359.20, a PEG ratio of 29.46 and a beta of 1.76. BILL has a 52 week low of $43.11 and a 52 week high of $100.19.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 expect that BILL will post 0.12 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.