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.
Get Bill.com alerts: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
Several institutional investors have recently bought and sold shares of BILL. FirstPurpose Wealth LLC lifted its position in shares of Bill.com by 9.3% in the first quarter. FirstPurpose Wealth LLC now owns 921 shares of the company's stock worth $209,000 after purchasing an additional 78 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Bill.com by 4.2% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,083 shares of the company's stock worth $472,000 after buying an additional 83 shares during the last quarter. Alera Investment Advisors LLC grew its holdings in shares of Bill.com by 3.6% in the 2nd quarter. Alera Investment Advisors LLC now owns 2,457 shares of the company's stock valued at $270,000 after acquiring an additional 85 shares in the last quarter. abrdn plc increased its position in shares of 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 acquiring an additional 89 shares during the last quarter. Finally, CVA Family Office LLC raised its holdings in Bill.com by 13.6% during the second quarter. CVA Family Office LLC now owns 752 shares of the company's stock worth $83,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 95.85% of the company's stock.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
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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.
Further Reading
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