BILL Holdings, Inc. (NYSE:BILL) Given Average Rating of “Moderate Buy” by Analysts

BILL Holdings, Inc. (NYSE:BILL) has received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $81.72.

BILL has been the subject of a number of analyst reports. KeyCorp dropped their target price on shares of BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Oppenheimer dropped their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Thursday, January 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a report on Friday, February 7th.

BILL Stock Performance

NYSE BILL opened at $55.22 on Friday. The company has a 50-day simple moving average of $79.25 and a two-hundred day simple moving average of $70.48. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL has a 12-month low of $43.11 and a 12-month high of $100.19. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -5,521.50, a PEG ratio of 29.46 and a beta of 1.76.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, equities analysts forecast that BILL will post 0.12 EPS for the current year.

Hedge Funds Weigh In On BILL

A number of institutional investors and hedge funds have recently made changes to their positions in BILL. Blue Trust Inc. increased its stake in shares of BILL by 1,167.5% during the third quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of BILL during the third quarter valued at approximately $358,000. Iridian Asset Management LLC CT increased its stake in shares of BILL by 26.9% during the third quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company’s stock valued at $15,547,000 after purchasing an additional 62,499 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of BILL by 27.5% during the third quarter. Chicago Partners Investment Group LLC now owns 14,457 shares of the company’s stock valued at $800,000 after purchasing an additional 3,122 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

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.