Brokerages Set BILL Holdings, Inc. (NYSE:BILL) PT at $85.00

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

A number of research firms have recently commented on BILL. Mizuho boosted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Oppenheimer upped their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised shares of BILL from a “neutral” rating to a “buy” rating and raised their price target for the company from $96.00 to $104.00 in a research report on Thursday, January 9th. Finally, Wells Fargo & Company raised their target price on shares of BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th.

BILL Stock Up 0.9 %

Shares of NYSE:BILL opened at $96.95 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. BILL has a 52-week low of $43.11 and a 52-week high of $100.19. The business’s 50 day simple moving average is $89.11 and its two-hundred day simple moving average is $68.26. The firm has a market cap of $10.03 billion, a P/E ratio of -293.78, a PEG ratio of 162.34 and a beta of 1.72.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 completion of the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BILL

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC boosted its position in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of BILL during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new position in shares of BILL in the 3rd quarter valued at about $28,000. Finally, Global Retirement Partners LLC lifted its stake in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares during the period. 97.99% of the stock is owned by hedge funds and other 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.