Bill.com Holdings, Inc. (NYSE:BILL) Receives $255.92 Average Price Target from Analysts

Bill.com Holdings, Inc. (NYSE:BILL) has received an average rating of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $255.92.

A number of equities analysts have issued reports on BILL shares. Piper Sandler increased their price target on Bill.com from $180.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 27th. KeyCorp increased their price target on Bill.com from $175.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 27th. Susquehanna increased their price target on Bill.com from $160.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, June 25th. Berenberg Bank reaffirmed a “hold” rating on shares of Bill.com in a research note on Monday, September 20th. Finally, Bank of America increased their price objective on Bill.com from $185.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 27th.

In related news, CEO Rene A. Lacerte sold 75,000 shares of the stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $260.92, for a total value of $19,569,000.00. Following the completion of the sale, the chief executive officer now owns 113,022 shares in the company, valued at $29,489,700.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bora Chung sold 34,247 shares of the stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $294.30, for a total transaction of $10,078,892.10. The disclosure for this sale can be found here. Insiders sold 290,505 shares of company stock worth $70,559,523 over the last ninety days. 11.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BILL. Newbridge Financial Services Group Inc. lifted its stake in Bill.com by 2,283.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 137 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Bill.com by 48.4% in the second quarter. PNC Financial Services Group Inc. now owns 184 shares of the company’s stock valued at $34,000 after acquiring an additional 60 shares during the last quarter. KB Financial Partners LLC raised its stake in shares of Bill.com by 33.1% in the second quarter. KB Financial Partners LLC now owns 209 shares of the company’s stock valued at $38,000 after acquiring an additional 52 shares during the last quarter. Berman Capital Advisors LLC raised its stake in shares of Bill.com by 1,038.1% in the second quarter. Berman Capital Advisors LLC now owns 239 shares of the company’s stock valued at $43,000 after acquiring an additional 218 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Bill.com in the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 87.23% of the company’s stock.

BILL stock traded down $1.84 on Wednesday, reaching $271.29. The company’s stock had a trading volume of 42,839 shares, compared to its average volume of 1,382,644. Bill.com has a 52 week low of $89.19 and a 52 week high of $301.99. The company has a market capitalization of $25.71 billion, a P/E ratio of -224.81 and a beta of 2.42. The firm has a fifty day moving average of $239.08 and a two-hundred day moving average of $187.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.55 and a quick ratio of 1.55.

Bill.com (NYSE:BILL) last issued its quarterly earnings data on Wednesday, August 25th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $78.30 million during the quarter, compared to the consensus estimate of $64.98 million. Bill.com had a negative return on equity of 6.22% and a negative net margin of 41.43%. The business’s quarterly revenue was up 85.9% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share. As a group, equities analysts expect that Bill.com will post -2.15 EPS for the current fiscal year.

About Bill.com

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

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Analyst Recommendations for Bill.com (NYSE:BILL)

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