Short Interest in BILL Holdings, Inc. (NYSE:BILL) Increases By 19.8%

BILL Holdings, Inc. (NYSE:BILL) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 7,620,000 shares, an increase of 19.8% from the January 31st total of 6,360,000 shares. Based on an average trading volume of 3,180,000 shares, the short-interest ratio is currently 2.4 days.

Analyst Ratings Changes

BILL has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Mizuho increased their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. KeyCorp dropped their target price on shares of BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Friday, February 7th. Finally, Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.72.

Institutional Trading of BILL

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Empowered Funds LLC lifted its stake in BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after purchasing an additional 207 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after purchasing an additional 247 shares during the last quarter. Finally, Covestor Ltd lifted its stake in BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Down 0.9 %

BILL stock opened at $47.24 on Friday. BILL has a twelve month low of $43.11 and a twelve month high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.82 billion, a P/E ratio of -4,723.90, a PEG ratio of 29.46 and a beta of 2.00. The firm has a 50 day simple moving average of $75.38 and a 200-day simple moving average of $70.34.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, equities research analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

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.