Could BILL Holdings Inc (BILL) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, BILL Holdings Inc (NYSE:BILL) shares traded at $66.93, down -25.19% from the previous session.

As of this writing, 28 analysts cover 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 $154.00 and a low of $61.00, we find $90.00. Given the previous closing price of $89.47, this indicates a potential upside of 0.59 percent. BILL stock price is now -36.84% away from the 50-day moving average and -33.54% away from the 200-day moving average. The market capitalization of the company currently stands at $7.17B.

There are 11 analysts who have given it a hold rating, whereas 16 have given it a buy rating. Brokers who have rated the stock have averaged $92.15 as their price target over the next twelve months.

In other news, Wagonfeld Alison, Director sold 520 shares of the company’s stock on Oct 23. The stock was sold for $51,688 at an average price of $99.40. Upon completion of the transaction, the Director now directly owns 519 shares in the company, valued at $34736.67. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, President and CEO Lacerte Rene A. sold 39,235 shares of the business’s stock. A total of $4,587,530 was realized by selling the stock at an average price of $116.92. This leaves the insider owning 76,414 shares of the company worth $5.11 million. Insiders disposed of 255,492 shares of company stock worth roughly $17.1 million over the past 1 year. A total of 4.56% of the company’s stock is owned by insiders.

Friday morning saw BILL Holdings Inc (NYSE: BILL) opened at $64.05. During the past 12 months, BILL Holdings Inc has had a low of $68.30 and a high of $139.50. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.81, and a quick ratio of 1.81. The fifty day moving average price for BILL is $105.20 and a two-hundred day moving average price translates $100.54 for the stock.

The latest earnings results from BILL Holdings Inc (NYSE: BILL) was released for Sep, 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 -$0.82 EPS in the same period last year. The net profit margin was -14.99% and return on equity was -4.16% for BILL. The company reported revenue of $295.98 million for the quarter, compared to $200.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.83 percent. For the current quarter, analysts expect BILL to generate $297.92M in revenue.

BILL Holdings Inc(BILL) Company Profile

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. It also offers onboarding implementation support, and ongoing support and training services. In addition, the company’s artificial intelligence enabled software provides connections between suppliers and clients. It serves accounting firms, financial institutions, and software companies. The company was formerly known as 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.

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