BILL Holdings Inc [NYSE: BILL] jumped around 2.41 points on Thursday, while shares priced at $65.68 at the close of the session, up 3.81%. The company report on March 7, 2024 at 8:00 AM that BILL Announces Repurchase of 0.0% Convertible Senior Notes Due 2025.
BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced that it has entered into various privately negotiated repurchase transactions (collectively, the Repurchases) to repurchase approximately $748.2 million aggregate principal amount of BILL’s outstanding 0.0% Convertible Senior Notes due 2025 (the 2025 Notes). The aggregate cash repurchase price is approximately $707.1 million, subject to final adjustment based on the volume weighted average price of BILL common stock during the agreed upon measurement period. The Repurchases are expected to close on March 13, 2024, subject to customary closing conditions. Following the closing of the Repurchases, BILL intends to cancel the repurchased 2025 Notes and, after such cancellation of repurchased 2025 Notes, approximately $401.8 million aggregate principal amount of 2025 Notes will remain outstanding. The Repurchases could affect the market price of BILL common stock.
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.
Compared to the average trading volume of 2.33M shares, BILL reached a trading volume of 3420545 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about BILL Holdings Inc [BILL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BILL shares is $85.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BILL stock is a recommendation set at 2.04. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for BILL Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 23, 2024. The new note on the price target was released on November 03, 2023, representing the official price target for BILL Holdings Inc stock.
The Average True Range (ATR) for BILL Holdings Inc is set at 2.95, with the Price to Sales ratio for BILL stock in the period of the last 12 months amounting to 5.79. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 25.26. Price to Free Cash Flow for BILL in the course of the last twelve months was 31.58 with Quick ratio for the last quarter at 1.69.
How has BILL stock performed recently?
BILL Holdings Inc [BILL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.71. With this latest performance, BILL shares dropped by -14.37% in over the last four-week period, additionally sinking by -43.68% over the last 6 months – not to mention a drop of -22.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BILL stock in for the last two-week period is set at 47.15, with the RSI for the last a single of trading hit 51.48, and the three-weeks RSI is set at 45.37 for BILL Holdings Inc [BILL]. The present Moving Average for the last 50 days of trading for this stock 71.83, while it was recorded at 64.39 for the last single week of trading, and 93.29 for the last 200 days.
BILL Holdings Inc [BILL]: Deeper insight into the fundamentals
BILL Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.69 and a Current Ratio set at 1.69.
Earnings analysis for BILL Holdings Inc [BILL]
With the latest financial reports released by the company, BILL Holdings Inc posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 108.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BILL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BILL Holdings Inc go to 18.06%.
Insider trade positions for BILL Holdings Inc [BILL]
The top three institutional holders of BILL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BILL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BILL stock with ownership which is approximately 5.8325%.
