BILL Holdings, Inc. (NYSE:BILL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of BILL Holdings, Inc. (NYSE:BILL) have been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $85.00.

Several equities research analysts have recently commented on the stock. Mizuho upped their price target 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. Robert W. Baird upped their target price on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Susquehanna lifted their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Thursday, January 16th. Finally, KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a report on Wednesday, December 18th.

Insider Activity at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of BILL 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 $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On BILL

Several institutional investors have recently made changes to their positions in BILL. GAMMA Investing LLC grew its holdings in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. Empowered Funds LLC grew its stake in shares of BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after buying an additional 207 shares during the last quarter. Covestor Ltd raised its holdings in shares of BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake 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 worth $58,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Performance

Shares of BILL opened at $96.21 on Wednesday. BILL has a one year low of $43.11 and a one year high of $100.19. The business has a fifty day moving average of $89.16 and a 200 day moving average of $68.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $9.96 billion, a P/E ratio of -291.56, a PEG ratio of 164.86 and a beta of 1.76.

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.