BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Hold” from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILLGet Free Report) have received a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $70.24.

Several brokerages have recently issued reports on BILL. Oppenheimer lowered their price objective on shares of BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. BMO Capital Markets dropped their price target on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research note on Monday, August 26th. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, September 12th. The Goldman Sachs Group cut BILL from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $86.00 to $54.00 in a report on Friday, August 23rd. Finally, Robert W. Baird cut their price target on shares of BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd.

View Our Latest Stock Analysis on BILL

BILL Stock Performance

BILL stock opened at $52.75 on Thursday. The stock has a fifty day moving average price of $51.14 and a 200 day moving average price of $54.98. BILL has a 52 week low of $43.11 and a 52 week high of $118.69. The firm has a market capitalization of $5.60 billion, a P/E ratio of -66.77 and a beta of 1.61. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22.

BILL (NYSE:BILLGet Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that BILL will post -0.58 earnings per share for the current year.

Insiders Place Their Bets

In other BILL news, CEO Rene A. Lacerte bought 42,248 shares of BILL stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the purchase, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Rene A. Lacerte purchased 42,248 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the purchase, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John R. Rettig acquired 21,124 shares of the business’s stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the purchase, the chief financial officer now directly owns 80,474 shares of the company’s stock, valued at $3,975,415.60. The disclosure for this purchase can be found here. Insiders have acquired 68,372 shares of company stock worth $3,404,826 in the last three months. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On BILL

Several large investors have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of BILL in the 4th quarter worth about $35,000. Advisors Asset Management Inc. lifted its holdings in BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc bought a new position in BILL in the second quarter worth about $46,000. Benjamin F. Edwards & Company Inc. boosted its stake in BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after acquiring an additional 295 shares during the period. Finally, Garner Asset Management Corp bought a new position in shares of BILL during the fourth quarter valued at approximately $90,000. 97.99% of the stock is currently owned by institutional investors.

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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