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

BILL Holdings, Inc. (NYSE:BILL) saw a significant growth in short interest during 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 daily trading volume, of 2,260,000 shares, the short-interest ratio is presently 2.0 days.

BILL Stock Up 0.9 %

NYSE BILL traded up $0.59 on Monday, hitting $63.03. 1,189,800 shares of the stock were exchanged, compared to its average volume of 2,116,240. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The company has a 50-day moving average price of $64.25 and a 200-day moving average price of $71.79. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.63 billion, a PE ratio of -58.36, a PEG ratio of 84.04 and a beta of 1.66.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. Sell-side analysts anticipate that BILL will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BILL shares. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a research report on Monday, April 1st. Piper Sandler lowered their price objective on shares of BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup lifted their target price on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a report on Monday, February 12th. BNP Paribas upgraded BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target on the stock in a research note on Wednesday, March 13th. Finally, Robert W. Baird lowered their price target on BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average target price of $101.57.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 920 shares of the company’s 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 of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in BILL by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock worth $806,234,000 after acquiring an additional 162,428 shares in the last quarter. Lone Pine Capital LLC increased its position in shares of BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after purchasing an additional 723,151 shares in the last quarter. Coatue Management LLC acquired a new stake in shares of BILL during the fourth quarter worth about $163,218,000. Abdiel Capital Advisors LP lifted its holdings in shares of BILL by 16.6% in the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock valued at $139,632,000 after purchasing an additional 243,788 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of BILL in the 4th quarter valued at about $95,702,000. Hedge funds and other institutional investors 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.