BILL Holdings, Inc. (NYSE:BILL) Receives $55.95 Average Price Target from Analysts

BILL Holdings, Inc. (NYSE:BILL) has earned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $55.95.

BILL has been the topic of a number of research analyst reports. Wall Street Zen cut BILL from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their target price on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. TD Cowen initiated coverage on shares of BILL in a report on Monday, June 22nd. They set a “buy” rating and a $43.00 target price for the company. Oppenheimer set a $55.00 price target on shares of BILL and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Robert W. Baird increased their price target on shares of BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, May 11th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BILL. Versant Capital Management Inc grew its stake in shares of BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after acquiring an additional 430 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in BILL by 972.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after acquiring an additional 486 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in BILL in the 4th quarter worth about $28,000. State of Wyoming bought a new stake in BILL in the 1st quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in BILL by 173.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares during the period. Institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of NYSE BILL opened at $47.05 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $39.38 and its two-hundred day moving average price is $40.39. The company has a market cap of $4.69 billion, a PE ratio of -4,700.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. BILL has a twelve month low of $31.41 and a twelve month high of $57.21.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The company had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.50 earnings per share. On average, analysts predict that BILL will post 0.95 EPS for the current year.

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. It also offers onboarding implementation support, and ongoing support and training services.