Recent Research Analysts’ Ratings Updates for Bill.com (BILL)

Posted by on Aug 4th, 2022

Bill.com (NYSE: BILL) recently received a number of ratings updates from brokerages and research firms:

  • 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.
  • 7/27/2022 – Bill.com had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $150.00 price target on the stock.
  • 7/20/2022 – Bill.com had its price target lowered by analysts at Wolfe Research from $190.00 to $180.00.
  • 7/18/2022 – Bill.com had its price target lowered by analysts at Piper Sandler from $212.00 to $170.00. They now have an “overweight” rating on the stock.
  • 7/7/2022 – Bill.com had its price target lowered by analysts at KeyCorp from $175.00 to $150.00. They now have an “overweight” rating on the stock.
  • 7/7/2022 – Bill.com had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $265.00 to $177.00. They now have a “buy” rating on the stock.
  • 6/17/2022 – Bill.com had its price target lowered by analysts at Oppenheimer Holdings Inc. from $190.00 to $150.00. They now have a “buy” rating on the stock.
  • 6/16/2022 – Bill.com had its price target raised by analysts at Piper Sandler from $205.00 to $212.00. They now have an “overweight” rating on the stock.

Bill.com Stock Up 5.2 %

Shares of BILL opened at $143.41 on Thursday. The company has a market capitalization of $14.95 billion, a P/E ratio of -49.62 and a beta of 2.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 1.41. Bill.com Holdings, Inc. has a one year low of $89.87 and a one year high of $348.49. The business’s 50 day simple moving average is $123.19 and its 200-day simple moving average is $166.91.

Bill.com (NYSE:BILL – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.01). The business had revenue of $166.90 million during the quarter, compared to analyst estimates of $157.90 million. Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. The firm’s revenue was up 179.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) earnings per share. As a group, sell-side analysts predict that Bill.com Holdings, Inc. will post -2.3 EPS for the current fiscal year.

Insider Transactions at Bill.com

In related news, insider Bora Chung sold 9,871 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $110.83, for a total value of $1,094,002.93. Following the completion of the transaction, the insider now owns 616 shares in the company, valued at approximately $68,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Rene A. Lacerte sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $116.72, for a total value of $1,167,200.00. Following the completion of the transaction, the chief executive officer now owns 78,970 shares in the company, valued at approximately $9,217,378.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bora Chung sold 9,871 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $110.83, for a total transaction of $1,094,002.93. Following the sale, the insider now owns 616 shares of the company’s stock, valued at approximately $68,271.28. The disclosure for this sale can be found here. Insiders have sold 49,942 shares of company stock valued at $5,823,789 in the last three months. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of Bill.com

Institutional investors and hedge funds have recently made changes to their positions in the business. AlphaCentric Advisors LLC bought a new stake in shares of Bill.com in the 4th quarter valued at $34,000. Brown Brothers Harriman & Co. bought a new stake in shares of Bill.com in the 1st quarter valued at $38,000. CWM LLC increased its position in shares of Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company’s stock valued at $46,000 after buying an additional 173 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Bill.com by 69.3% in the 4th quarter. Quadrant Capital Group LLC now owns 215 shares of the company’s stock valued at $54,000 after buying an additional 88 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Bill.com in the 4th quarter valued at $62,000. Institutional investors own 99.01% of the company’s stock.

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

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