Brokerages Set BILL Holdings, Inc. (NYSE:BILL) PT at $80.89

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $80.89.

A number of research firms have recently weighed in on BILL. Susquehanna lifted their price target on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut their target price on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Mizuho lifted their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Monday, March 17th.

Hedge Funds Weigh In On BILL

A number of hedge funds and other institutional investors have recently modified their holdings of BILL. Oppenheimer & Co. Inc. purchased a new stake in BILL during the third quarter valued at about $303,000. Empowered Funds LLC acquired a new stake in shares of BILL during the third quarter valued at approximately $270,000. Natixis Advisors LLC purchased a new stake in shares of BILL in the 3rd quarter valued at approximately $3,367,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in BILL in the 3rd quarter worth approximately $2,428,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in BILL by 531.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 152,282 shares of the company’s stock worth $8,034,000 after purchasing an additional 128,148 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Down 0.1 %

NYSE:BILL opened at $47.90 on Thursday. BILL has a 12-month low of $42.82 and a 12-month high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50 day simple moving average of $67.69 and a 200 day simple moving average of $70.06. The firm has a market capitalization of $4.88 billion, a P/E ratio of -4,790.10, a P/E/G ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. Equities research analysts predict that BILL will post 0.12 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.