Analysts Set BILL Holdings, Inc. (NYSE:BILL) Price Target at $85.00

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

A number of equities research analysts recently issued reports on BILL shares. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company raised their price target on BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Susquehanna lifted their price target on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upgraded shares of BILL from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. Finally, Mizuho lifted their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th.

BILL Stock Performance

NYSE BILL opened at $96.95 on Wednesday. The company’s 50 day simple moving average is $89.01 and its two-hundred day simple moving average is $67.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. BILL has a 1 year low of $43.11 and a 1 year high of $100.19. The stock has a market capitalization of $10.03 billion, a PE ratio of -293.78, a P/E/G ratio of 162.34 and a beta of 1.72.

Insider Activity

In other BILL news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its position in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. New York State Common Retirement Fund raised its holdings in BILL by 147.8% in the fourth quarter. New York State Common Retirement Fund now owns 136,621 shares of the company’s stock worth $11,573,000 after purchasing an additional 81,481 shares in the last quarter. Venturi Wealth Management LLC lifted its position in BILL by 75.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,265 shares of the company’s stock valued at $192,000 after buying an additional 975 shares during the period. Truist Financial Corp bought a new stake in shares of BILL during the 4th quarter valued at $203,000. Finally, CIBC Asset Management Inc bought a new stake in BILL during the fourth quarter worth about $277,000. 97.99% of the stock is currently owned by institutional investors.

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.