Shares of Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) have been assigned a consensus recommendation of "Buy" from the twenty-two research firms that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $224.09.

A number of analysts have commented on the company. Morgan Stanley started coverage on Bill.com in a research report on Monday, September 12th. They issued an "overweight" rating and a $220.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Bill.com from $200.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, August 19th. Evercore ISI increased their price objective on shares of Bill.com to $165.00 in a research note on Monday, August 22nd. Susquehanna decreased their target price on shares of Bill.com from $140.00 to $120.00 in a research report on Friday. Finally, Wolfe Research dropped their price target on shares of Bill.com from $190.00 to $180.00 in a research report on Wednesday, July 20th.

Insider Buying and Selling

In other news, CFO John R. Rettig sold 3,607 shares of the company's stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $164.23, for a total value of $592,377.61. Following the completion of the sale, the chief financial officer now directly owns 28,070 shares of the company's stock, valued at approximately $4,609,936.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO John R. Rettig sold 3,607 shares of Bill.com stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $164.23, for a total transaction of $592,377.61. Following the transaction, the chief financial officer now owns 28,070 shares in the company, valued at approximately $4,609,936.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bora Chung sold 9,921 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $162.09, for a total value of $1,608,094.89. Following the sale, the insider now directly owns 616 shares of the company's stock, valued at $99,847.44. The disclosure for this sale can be found here. Insiders sold a total of 189,211 shares of company stock valued at $30,348,069 over the last three months. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Bill.com

Bill.com Stock Performance

BILL opened at $132.37 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.42. The stock's 50 day moving average price is $149.04 and its two-hundred day moving average price is $151.38. The firm has a market capitalization of $13.88 billion, a P/E ratio of -41.11 and a beta of 2.15. Bill.com has a 12-month low of $89.87 and a 12-month high of $348.49.

Bill.com (NYSE:BILL – Get Rating) last announced its quarterly earnings data on Thursday, August 18th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.10. The business had revenue of $200.22 million for the quarter, compared to the consensus estimate of $183.10 million. Bill.com had a negative net margin of 51.22% and a negative return on equity of 5.13%. Bill.com's quarterly revenue was up 155.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.44) earnings per share. On average, equities analysts forecast that Bill.com will post -2.17 earnings per share for the current year.

About Bill.com

(Get Rating)

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.

Further Reading

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