BILL Holdings Inc. (NYSE:BILL) shares traded -5.90% lower at $117.46 on Wall Street last session.
In accordance with the data, 27 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 $200.00 and a low of $69.00, we find $138.00. Given the previous closing price of $124.83, this indicates a potential upside of 10.55 percent. BILL stock price is now 2.17% away from the 50-day moving average and 13.51% away from the 200-day moving average. The market capitalization of the company currently stands at $12.03B.
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It has been rated a hold by 8 analysts and a buy by 18. Brokers who have rated the stock have averaged $133.45 as their price target over the next twelve months.
With the price target reduced from $150 to $120, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform 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 $10.21 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 $3.39 million. Insiders disposed of 411,515 shares of company stock worth roughly $48.34 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 SOUTHPOINT CAPITAL ADVISORS LP during the first quarter worth $305,396,000. LONE PINE CAPITAL LLC invested $214,193,000 in shares of BILL during the first quarter. In the first quarter, MERITAGE GROUP LP acquired a new stake in BILL Holdings Inc. valued at approximately $78,973,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in BILL for approximately $40,958,000. SQUAREPOINT OPS LLC purchased a new stake in BILL valued at around $40,540,000 in the second quarter.
BILL Holdings Inc. (NYSE: BILL) opened at $121.33 on Wednesday. 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 $115.42 and a two-hundred day moving average price translates $103.46 for the stock.
According to the Software – Application Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.24 by 0.26. This compares to -$0.84 EPS in the same period last year. The net profit margin was -30.40% and return on equity was -7.20% 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 $281.6M in revenue.
