BILL Holdings, Inc. (NYSE:BILL) Receives Average Rating of “Hold” from Analysts

BILL Holdings, Inc. (NYSE:BILL) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $83.53.

A number of brokerages recently weighed in on BILL. Susquehanna raised their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday. Keefe, Bruyette & Woods lowered their price target on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday. Mizuho boosted their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price for the company in a research note on Wednesday, December 18th. Finally, Robert W. Baird upped their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd.

BILL Stock Down 1.5 %

BILL stock opened at $82.49 on Friday. BILL has a twelve month low of $43.11 and a twelve month high of $97.86. The business has a fifty day moving average of $84.90 and a two-hundred day moving average of $63.72. The firm has a market cap of $8.54 billion, a P/E ratio of -249.97 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by company insiders.

Institutional Trading of BILL

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of BILL during the 3rd quarter worth approximately $28,000. Advisors Asset Management Inc. increased its holdings in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the period. Finally, Covestor Ltd boosted its holdings in BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.