BILL (NYSE:BILL) Sets New 52-Week Low at $44.42

BILL Holdings, Inc. (NYSE:BILL)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $44.42 and last traded at $44.72, with a volume of 206851 shares trading hands. The stock had previously closed at $48.14.

Analyst Upgrades and Downgrades

BILL has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, May 3rd. Jefferies Financial Group cut their target price on shares of BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. BMO Capital Markets cut their target price on shares of BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Keefe, Bruyette & Woods cut their target price on shares of BILL from $70.00 to $60.00 and set a “market perform” rating on the stock in a research report on Monday, July 8th. Finally, Oppenheimer cut their target price on shares of BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average target price of $87.94.

BILL Stock Down 5.5 %

The business’s 50 day moving average is $51.26 and its two-hundred day moving average is $60.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.17. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The firm had revenue of $323.03 million during the quarter, compared to the consensus estimate of $305.23 million. On average, research analysts predict that BILL Holdings, Inc. will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other news, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now directly owns 9,126 shares of the company’s stock, valued at $470,901.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Rajesh A. Aji sold 2,616 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the completion of the sale, the insider now directly owns 9,126 shares of the company’s stock, valued at $470,901.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Germaine Cota sold 642 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.59, for a total transaction of $33,120.78. Following the sale, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at $312,480.63. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.