Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Price Target at $69.28

Shares of BILL Holdings, Inc. (NYSE:BILL) have received an average rating of “Moderate Buy” from the twenty analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $65.50.

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Mizuho dropped their price objective on shares of BILL from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. BTIG Research assumed coverage on shares of BILL in a report on Wednesday, April 30th. They issued a “buy” rating and a $60.00 target price for the company. Piper Sandler reduced their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Robert W. Baird reduced their target price on shares of BILL from $82.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, April 4th.

BILL Price Performance

Shares of BILL opened at $44.66 on Friday. BILL has a 1-year low of $36.55 and a 1-year high of $100.19. The stock has a market cap of $4.55 billion, a PE ratio of -4,466.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. 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 fifty day moving average price of $44.69 and a 200 day moving average price of $67.47.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The firm had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. During the same period in the previous year, the company earned $0.60 earnings per share. BILL’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that BILL will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Legato Capital Management LLC acquired a new position in shares of BILL during the fourth quarter worth about $828,000. Choreo LLC purchased a new stake in BILL during the fourth quarter worth about $409,000. Rhumbline Advisers boosted its holdings in BILL by 153.7% during the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock worth $22,959,000 after buying an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock worth $1,543,000 after buying an additional 4,248 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in BILL during the fourth quarter worth about $919,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.