BILL Holdings, Inc. (NYSE:BILL) Stock Has Average Target Price of $58.67 According to Analysts

BILL Holdings, Inc. (NYSE:BILL) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $58.67.

A number of analysts have weighed in on BILL shares. Needham & Company LLC reissued a “buy” rating on shares of BILL in a report on Thursday, August 20th. Wolfe Research lifted their price target on shares of BILL from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. TD Cowen initiated coverage on shares of BILL in a report on Monday, June 22nd. They issued a “buy” rating and a $43.00 price target for the company. Truist Financial boosted their price objective on shares of BILL from $44.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, September 1st. Finally, BMO Capital Markets boosted their price objective on shares of BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th.

BILL Stock Performance

BILL stock opened at $45.59 on Friday. The stock’s 50 day simple moving average is $46.99 and its 200 day simple moving average is $41.72. BILL has a 12-month low of $31.41 and a 12-month high of $57.21. The firm has a market cap of $3.89 billion, a P/E ratio of -350.68, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49.

BILL (NYSE:BILL) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm had revenue of $436.19 million during the quarter, compared to the consensus estimate of $430.55 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. As a group, equities research analysts predict that BILL will post 2.30 EPS for the current year.

Insider Buying and Selling at BILL

In other BILL news, CEO Rene Lacerte sold 42,248 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total value of $2,119,582.16. Following the sale, the chief executive officer directly owned 163,125 shares in the company, valued at approximately $8,183,981.25. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the sale, the insider owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 267,997 shares of company stock worth $13,057,984 over the last ninety days. 13.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BILL

Hedge funds have recently modified their holdings of the company. ER Collective Holdings LLC bought a new position in shares of BILL in the fourth quarter valued at $464,588,000. Contour Asset Management LLC lifted its position in shares of BILL by 45.5% in the fourth quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after buying an additional 1,472,132 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of BILL during the 2nd quarter worth $14,894,000. Pacer Advisors Inc. increased its position in BILL by 1,775.9% in the 1st quarter. Pacer Advisors Inc. now owns 338,085 shares of the company’s stock worth $12,949,000 after buying an additional 320,062 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of BILL during the second quarter valued at about $10,940,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Company Profile

BILL Holdings, Inc provides cloud-based financial operations software and payment services for small and midsize businesses and the accounting firms that serve them. Its platform is designed to help businesses manage accounts payable, accounts receivable, expenses, budgets and payment workflows in one system.

The company’s offerings include tools for automating bill entry, approval and payment; creating and sending invoices; accepting customer payments; managing employee spending and expenses; and improving visibility into cash flow.