BILL Holdings, Inc. (NYSE:BILL) Given Average Rating of “Moderate Buy” by Analysts

Shares of BILL Holdings, Inc. (NYSE:BILL) have been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $83.95.

Several research analysts have recently commented on the company. Piper Sandler lifted their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Oppenheimer lifted their target price on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Susquehanna boosted their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods reduced their price objective on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, January 6th.

BILL Price Performance

Shares of BILL opened at $83.11 on Friday. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of -251.85 and a beta of 1.72. The stock has a 50 day moving average of $85.88 and a 200-day moving average of $64.09. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL has a 52 week low of $43.11 and a 52 week high of $97.86.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The transaction 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 business’s stock in a transaction 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 directly owns 259 shares in the company, valued at $23,310. This represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,823 shares of company stock valued at $218,887. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Covestor Ltd grew its holdings in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after acquiring an additional 249 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after acquiring an additional 259 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of BILL by 26.7% in the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock worth $137,000 after acquiring an additional 340 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of BILL by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock worth $411,000 after acquiring an additional 513 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.