A number of firms have modified their ratings and price targets on shares of Bill.com (NYSE: BILL) recently:
- 9/20/2022 – Bill.com had its "outperform" rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $200.00 price target on the stock.
- 9/15/2022 – Bill.com is now covered by analysts at Susquehanna Bancshares, Inc.. They set a "positive" rating and a $190.00 price target on the stock.
- 9/15/2022 – Bill.com is now covered by analysts at Susquehanna. They set a "positive" rating and a $190.00 price target on the stock.
- 9/12/2022 – Bill.com is now covered by analysts at Morgan Stanley. They set an "overweight" rating and a $220.00 price target on the stock.
- 8/22/2022 – Bill.com had its price target raised by analysts at Evercore ISI to $165.00.
- 8/22/2022 – Bill.com had its price target raised by analysts at Credit Suisse Group AG to $220.00.
- 8/19/2022 – Bill.com had its price target raised by analysts at JPMorgan Chase & Co. from $200.00 to $222.00. They now have an "overweight" rating on the stock.
- 8/19/2022 – Bill.com had its price target raised by analysts at Wells Fargo & Company from $200.00 to $230.00. They now have an "overweight" rating on the stock.
- 8/19/2022 – Bill.com had its price target raised by analysts at KeyCorp from $150.00 to $200.00. They now have an "overweight" rating on the stock.
- 8/19/2022 – Bill.com had its price target raised by analysts at Piper Sandler from $170.00 to $215.00. They now have an "overweight" rating on the stock.
- 8/19/2022 – Bill.com had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $177.00 to $240.00.
- 8/19/2022 – Bill.com had its price target raised by analysts at Keefe, Bruyette & Woods from $245.00 to $269.00.
- 8/19/2022 – Bill.com had its price target raised by analysts at Oppenheimer Holdings Inc. from $150.00 to $200.00.
- 8/19/2022 – Bill.com had its price target raised by analysts at Jefferies Financial Group Inc. from $150.00 to $180.00.
- 7/29/2022 – Bill.com is now covered by analysts at Credit Suisse Group AG. They set an "outperform" rating and a $160.00 price target on the stock.
Bill.com Trading Down 1.1 %
Shares of BILL opened at $124.31 on Tuesday. The company has a market capitalization of $13.03 billion, a P/E ratio of -38.61 and a beta of 2.15. Bill.com Holdings, Inc. has a one year low of $89.87 and a one year high of $348.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50-day moving average price of $149.09 and a 200 day moving average price of $152.56.
Get Billcom Holdings Inc alerts:Bill.com (NYSE:BILL – Get Rating) last released its earnings results 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 net margin of 51.22% and a negative return on equity of 5.13%. The firm had revenue of $200.22 million during the quarter, compared to analyst estimates of $183.10 million. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. The firm's revenue for the quarter was up 155.8% compared to the same quarter last year. Sell-side analysts forecast that Bill.com Holdings, Inc. will post -2.17 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Rene A. Lacerte sold 8,682 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $175.00, for a total transaction of $1,519,350.00. Following the completion of the sale, the chief executive officer now directly owns 76,226 shares of the company's stock, valued at $13,339,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Bora Chung sold 9,921 shares of the firm's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $162.09, for a total transaction of $1,608,094.89. Following the transaction, the insider now owns 616 shares in the company, valued at approximately $99,847.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rene A. Lacerte sold 8,682 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $175.00, for a total value of $1,519,350.00. Following the transaction, the chief executive officer now directly owns 76,226 shares in the company, valued at approximately $13,339,550. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,211 shares of company stock worth $30,348,069. 5.70% of the stock is owned by corporate insiders.Institutional Trading of Bill.com
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank grew its holdings in shares of Bill.com by 17.3% in the 1st quarter. Swiss National Bank now owns 333,200 shares of the company's stock worth $75,566,000 after purchasing an additional 49,200 shares during the last quarter. Endeavour Capital Advisors Inc. grew its holdings in Bill.com by 28.6% during the 1st quarter. Endeavour Capital Advisors Inc. now owns 80,111 shares of the company's stock worth $18,168,000 after acquiring an additional 17,822 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of Bill.com during the first quarter worth $160,000. Rheos Capital Works Inc. increased its stake in shares of Bill.com by 245.3% in the 1st quarter. Rheos Capital Works Inc. now owns 103,600 shares of the company's stock valued at $23,495,000 after acquiring an additional 73,600 shares during the last quarter. Finally, Atria Investments LLC increased its stake in Bill.com by 8.1% in the first quarter. Atria Investments LLC now owns 25,443 shares of the company's stock valued at $5,770,000 after purchasing an additional 1,907 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.
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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