Shares of BILL Holdings, Inc. (NYSE:BILL – Get Free Report) have received a consensus rating of “Hold” from the twenty ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $70.71.
BILL has been the subject of several research reports. Evercore ISI dropped their price target on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. The Goldman Sachs Group boosted their price target on BILL from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. dropped their price target on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Susquehanna reiterated a “positive” rating and set a $100.00 price target on shares of BILL in a research report on Monday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd.
Check Out Our Latest Analysis on BILL
Insider Activity
Hedge Funds Weigh In On BILL
Several hedge funds have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new stake in BILL during the 1st quarter worth about $291,000. Benjamin F. Edwards & Company Inc. increased its holdings in BILL by 57.2% during the 1st 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 period. Principal Financial Group Inc. increased its holdings in BILL by 32.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,562 shares of the company’s stock worth $588,000 after purchasing an additional 2,109 shares during the period. Commonwealth Equity Services LLC increased its holdings in BILL by 79.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 8,992 shares of the company’s stock worth $618,000 after purchasing an additional 3,972 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in BILL during the 1st quarter worth about $3,207,000. Institutional investors and hedge funds own 97.99% of the company’s stock.
BILL Stock Down 0.6 %
BILL stock opened at $54.77 on Monday. The stock has a market capitalization of $5.81 billion, a PE ratio of -69.33 and a beta of 1.61. BILL has a 12 month low of $43.11 and a 12 month high of $93.48. The business has a 50 day simple moving average of $53.40 and a 200-day simple moving average of $53.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55.
BILL (NYSE:BILL – Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The business 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 business earned $0.10 earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. On average, analysts anticipate that BILL will post -0.58 EPS for the current fiscal 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.
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