BILL Holdings, Inc. (NYSE:BILL) Receives Average Recommendation of “Moderate Buy” from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $85.00.

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler increased their price target on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. 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. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Thursday, January 16th. Finally, Mizuho boosted their price target on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th.

BILL Price Performance

Shares of BILL stock opened at $96.21 on Wednesday. The company has a market capitalization of $9.96 billion, a P/E ratio of -291.56, a P/E/G ratio of 164.86 and a beta of 1.76. The company’s 50-day simple moving average is $89.16 and its two-hundred day simple moving average is $68.66. BILL has a one year low of $43.11 and a one year high of $100.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC grew its position in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Empowered Funds LLC raised its stake in shares of BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after buying an additional 207 shares during the last quarter. Covestor Ltd lifted its holdings in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other 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.