Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Price Target at $70.24

Shares of BILL Holdings, Inc. (NYSE:BILL) have earned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $70.24.

BILL has been the subject of a number of recent analyst reports. Evercore ISI dropped their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, August 23rd. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Oppenheimer reduced their price target on shares of BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird lowered their price objective on shares of BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, September 12th.

Insider Activity

In related news, SVP Germaine Cota sold 803 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the transaction, the senior vice president now directly owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Rene A. Lacerte acquired 42,248 shares of the stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the purchase, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Germaine Cota sold 803 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the transaction, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The disclosure for this sale can be found here. In the last quarter, insiders acquired 68,372 shares of company stock worth $3,404,826. Insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in BILL in the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. increased its stake in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares during the period. Versant Capital Management Inc purchased a new position in shares of BILL during the second quarter worth $46,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of 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 acquired a new position in BILL during the fourth quarter valued at $90,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Up 0.4 %

Shares of BILL opened at $53.18 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $51.16 and a 200 day moving average of $55.15. The company has a market cap of $5.64 billion, a PE ratio of -67.32 and a beta of 1.61. BILL has a 52-week low of $43.11 and a 52-week high of $118.69.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, sell-side analysts expect that BILL will post -0.58 EPS for the current year.

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.