Oppenheimer reaffirmed their outperform rating on shares of Bill.com (NYSE:BILL – Get Rating) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a $200.00 price objective on the stock.
Other equities analysts also recently issued reports about the company. Piper Sandler raised their price objective on Bill.com from $170.00 to $215.00 and gave the company an overweight rating in a research note on Friday, August 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Bill.com from $177.00 to $240.00 in a research note on Friday, August 19th. Susquehanna Bancshares assumed coverage on Bill.com in a report on Thursday, September 15th. They set a positive rating and a $190.00 target price on the stock. Credit Suisse Group increased their target price on Bill.com to $220.00 in a report on Monday, August 22nd. Finally, Susquehanna assumed coverage on Bill.com in a report on Thursday, September 15th. They set a positive rating and a $190.00 target price on the stock. Eighteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Bill.com has an average rating of Buy and a consensus price target of $230.45.
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Bill.com Stock Performance
Shares of BILL stock opened at $125.74 on Tuesday. The company has a market cap of $13.18 billion, a price-to-earnings ratio of -39.05 and a beta of 2.15. The stock has a 50 day simple moving average of $149.11 and a 200-day simple moving average of $153.69. Bill.com has a 12-month low of $89.87 and a 12-month high of $348.49. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42.
Bill.com (NYSE:BILL – Get Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.10. Bill.com had a negative return on equity of 5.13% and a negative net
margin of 51.22%. The firm had revenue of $200.22 million during the quarter, compared to the consensus estimate of $183.10 million. During the same period last year, the business posted ($0.44) EPS. Bill.com's quarterly revenue was up 155.8% on a year-over-year basis. On average, equities analysts forecast that Bill.com will post -2.17 EPS for the current year.
Insider Transactions at Bill.com
In related news, insider Blake Thomas Murray sold 95,826 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $164.23, for a total value of $15,737,503.98. Following the transaction, the insider now directly owns 116,124 shares of the company's stock, valued at approximately $19,071,044.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Bora Chung sold 8,854 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $121.15, for a total value of $1,072,662.10. Following the transaction, the insider now directly owns 616 shares of the company's stock, valued at approximately $74,628.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Blake Thomas Murray sold 95,826 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $164.23, for a total value of $15,737,503.98. Following the completion of the transaction, the insider now directly owns 116,124 shares in the company, valued at $19,071,044.52. The disclosure for this sale can be found here. Insiders have sold 189,211 shares of company stock worth $30,348,069 over the last quarter. 5.70% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in BILL. Rafferty Asset Management LLC raised its position in Bill.com by 2.6% in the fourth quarter. Rafferty Asset Management LLC now owns 2,150 shares of the company's stock valued at $536,000 after purchasing an additional 54 shares during the period. FirstPurpose Wealth LLC raised its position in Bill.com by 9.3% in the first quarter. FirstPurpose Wealth LLC now owns 921 shares of the company's stock valued at $209,000 after purchasing an additional 78 shares during the period. Valeo Financial Advisors LLC raised its position in Bill.com by 4.2% in the first quarter. Valeo Financial Advisors LLC now owns 2,083 shares of the company's stock valued at $472,000 after purchasing an additional 83 shares during the period. Alera Investment Advisors LLC raised its position in Bill.com by 3.6% in the second quarter. Alera Investment Advisors LLC now owns 2,457 shares of the company's stock valued at $270,000 after purchasing an additional 85 shares during the period. Finally, abrdn plc raised its position in Bill.com by 1.0% in the second quarter. abrdn plc now owns 8,797 shares of the company's stock valued at $1,007,000 after purchasing an additional 89 shares during the period. 95.85% of the stock is owned by hedge funds and other institutional investors.
About Bill.com
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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.
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