BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Rating of “Moderate Buy” from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $85.00.

A number of equities analysts have weighed in on the stock. Piper Sandler increased their price target on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their target price on BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Mizuho upped their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Oppenheimer lifted their price objective on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Robert W. Baird increased their target price on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alison Wagonfeld sold 779 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently bought and sold shares of the company. Abdiel Capital Advisors LP grew its position in shares of BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after purchasing an additional 284,935 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Finally, Invenomic Capital Management LP boosted its position in BILL by 204.1% during the 3rd quarter. Invenomic Capital Management LP now owns 287,245 shares of the company’s stock valued at $15,155,000 after purchasing an additional 192,776 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Up 4.4 %

NYSE BILL opened at $97.01 on Wednesday. The company has a market cap of $10.04 billion, a P/E ratio of -293.97, a P/E/G ratio of 89.33 and a beta of 1.72. BILL has a 12 month low of $43.11 and a 12 month high of $98.57. 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 company has a 50-day moving average of $88.51 and a 200-day moving average of $67.17.

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.