BILL Holdings Inc (NYSE: BILL) stock jumped 4.68% on Friday to $63.72 against a previous-day closing price of $60.87. With 3.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.77 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $63.78 whereas the lowest price it dropped to was $61.00. The 52-week range on BILL shows that it touched its highest point at $139.50 and its lowest point at $51.94 during that stretch. It currently has a 1-year price target of $86.11. Beta for the stock currently stands at 1.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BILL was up-trending over the past week, with a rise of 12.82%, but this was down by -37.83% over a month. Three-month performance dropped to -40.74% while six-month performance fell -32.69%. The stock lost -48.92% in the past year, while it has lost -41.52% so far this year. A look at the trailing 12-month EPS for BILL yields -1.60 with Next year EPS estimates of 2.11. For the next quarter, that number is 0.41. This implies an EPS growth rate of 10.95% for this year and 15.01% for next year. EPS is expected to grow by 13.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -84.18%.
Float and Shares Shorts:
At present, 106.55 million BILL shares are outstanding with a float of 102.01 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.23 million, which was 5.83% higher than short shares on Sep 28, 2023. In addition to Mr. Rene A. Lacerte as the firm’s Founder, CEO & Chairperson of the Board, Mr. John R. Rettig serves as its President & CFO.
Other institutions hold 54.74% of BILL, in contrast to 44.71% held by mutual funds. Shares owned by individuals account for 12.02%. As the largest shareholder in BILL with 11.83% of the stake, T. Rowe Price Associates, Inc. holds 12,675,081 shares worth 12,675,081. A second-largest stockholder of BILL, Morgan Stanley Investment Managem, holds 11,011,921 shares, controlling over 10.28% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in BILL, holding 9,504,702 shares or 8.87% stake. With a 6.08% stake in BILL, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 6,511,990 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.95% of BILL stock, is the second-largest Mutual Fund holder. It holds 3,161,564 shares valued at 288.62 million. Morgan Stanley Instl. Fund-Growth holds 2.17% of the stake in BILL, owning 2,322,364 shares worth 212.01 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BILL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BILL analysts setting a high price target of $130.70 and a low target of $61.00, the average target price over the next 12 months is $86.11. Based on these targets, BILL could surge 105.12% to reach the target high and fall by -4.27% to reach the target low. Reaching the average price target will result in a growth of 35.14% from current levels.
Summary of Insider Activity:
Insiders traded BILL stock several times over the past three months with 19 Buys and 37 Sells. In these transactions, 75,675 shares were bought while 76,367 shares were sold. The number of buy transactions has increased to 83 while that of sell transactions has risen to 127 over the past year. The total number of shares bought during that period was 243,033 while 219,067 shares were sold.