Short Interest in BILL Holdings, Inc. (NYSE:BILL) Rises By 14.2%

BILL Holdings, Inc. (NYSE:BILL) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,410,000 shares, a growth of 14.2% from the March 31st total of 3,860,000 shares. Based on an average trading volume of 2,260,000 shares, the days-to-cover ratio is presently 2.0 days.

BILL Stock Performance

Shares of BILL stock traded up $0.90 during trading on Wednesday, reaching $63.26. The company’s stock had a trading volume of 449,588 shares, compared to its average volume of 2,090,953. BILL has a 52 week low of $51.94 and a 52 week high of $139.50. The firm has a market cap of $6.65 billion, a PE ratio of -57.76, a P/E/G ratio of 84.82 and a beta of 1.66. The business’s 50-day moving average price is $64.23 and its 200-day moving average price is $71.45. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. The firm had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. Equities analysts forecast that BILL will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BILL shares. Robert W. Baird decreased their price target on shares of BILL from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Piper Sandler decreased their price objective on BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Jefferies Financial Group lowered their price objective on BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.57.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 920 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new position in shares of BILL in the 4th quarter valued at approximately $5,038,000. Carnegie Capital Asset Management LLC lifted its stake in BILL by 105.7% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock worth $6,508,000 after purchasing an additional 40,997 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of BILL in the 4th quarter valued at $312,000. Blair William & Co. IL increased its stake in shares of BILL by 18.1% in the 3rd quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock valued at $5,940,000 after purchasing an additional 8,372 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in shares of BILL by 15.6% during the 4th quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock worth $18,725,000 after buying an additional 31,000 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.