The price of BILL Holdings Inc. (NYSE:BILL) shares last traded on Wall Street rose 9.27% to $110.97.
Based on available information, 26 analysts follow BILL Holdings Inc. (NYSE:BILL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $200.00 and a low of $73.00, we find $128.00. Given the previous closing price of $101.56, this indicates a potential upside of 26.03 percent. BILL stock price is now -4.76% away from the 50-day moving average and 8.47% away from the 200-day moving average. The market capitalization of the company currently stands at $10.79B.
Among analysts, 9 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $131.05 as their price target over the next twelve months.
With the price target reduced from $120 to $116, BMO Capital Markets maintained Market Perform rating for BILL Holdings Inc. (NYSE: BILL).
In other news, Lacerte Rene A., President and CEO sold 32,649 shares of the company’s stock on Jun 15. The stock was sold for $3,742,205 at an average price of $114.62. Upon completion of the transaction, the President and CEO now directly owns 86,902 shares in the company, valued at $9.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, CFO Rettig John R. sold 5,650 shares of the business’s stock. A total of $644,447 was realized by selling the stock at an average price of $114.06. This leaves the insider owning 28,866 shares of the company worth $3.2 million. Insiders disposed of 373,297 shares of company stock worth roughly $41.42 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BILL stock. A new stake in BILL Holdings Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $210,961,000. 1832 ASSET MANAGEMENT L.P. invested $69,267,000 in shares of BILL during the first quarter. In the first quarter, JACKSON SQUARE PARTNERS, LLC acquired a new stake in BILL Holdings Inc. valued at approximately $67,508,000. HOLOCENE ADVISORS, LP acquired a new stake in BILL for approximately $51,630,000. BALYASNY ASSET MANAGEMENT L.P. purchased a new stake in BILL valued at around $47,911,000 in the second quarter. In total, there are 625 active investors with 98.50% ownership of the company’s stock.
A candlestick chart of BILL Holdings Inc. (NYSE: BILL) showed a price of $94.55 on Friday morning. During the past 12 months, BILL Holdings Inc. has had a low of $68.30 and a high of $179.85. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for BILL is $116.52 and a two-hundred day moving average price translates $102.19 for the stock.
The latest earnings results from BILL Holdings Inc. (NYSE: BILL) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.59, beating analysts’ expectations of $0.41 by 0.18. This compares to -$0.84 EPS in the same period last year. The net profit margin was -36.20% and return on equity was -8.60% for BILL. The company reported revenue of $272.56 million for the quarter, compared to $166.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.29 percent. For the current quarter, analysts expect BILL to generate $300.22M in revenue.
BILL Holdings Inc.(BILL) Company Profile
BILL Holdings, Inc. provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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. It also offers onboarding implementation support, and ongoing support and training services. The company serves accounting firms, financial institutions, and software companies. The company was formerly known as Bill.com Holdings, Inc. and changed its name to BILL Holdings, Inc. in February 2023. BILL Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.
