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

Shares of BILL Holdings, Inc. (NYSE:BILL) have received a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $82.06.

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Evercore ISI lowered their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. Robert W. Baird raised their target price on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets lowered their price target on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, August 26th.

BILL Price Performance

BILL opened at $87.98 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $74.53 and its 200 day simple moving average is $59.43. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of -266.61 and a beta of 1.72. BILL has a 1 year low of $43.11 and a 1 year high of $97.86.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock valued at $218,887 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BILL. Aigen Investment Management LP raised its position in BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after buying an additional 47,761 shares during the last quarter. WoodTrust Financial Corp purchased a new position in shares of BILL during the third quarter valued at approximately $422,000. WCM Investment Management LLC lifted its position in BILL by 26.4% during the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after purchasing an additional 61,471 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in BILL in the third quarter worth approximately $820,000. Finally, Algert Global LLC grew its position in BILL by 602.3% in the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after purchasing an additional 52,758 shares during the period. 97.99% of the stock is owned by 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.