Bill.com (NYSE:BILL) Receives Outperform Rating from Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Bill.com (NYSE:BILLGet Rating) in a report issued on Tuesday morning, Marketbeat Ratings reports. Oppenheimer currently has a $200.00 price target on the stock.

BILL has been the topic of several other research reports. KeyCorp boosted their target price on shares of Bill.com from $150.00 to $200.00 and gave the company an overweight rating in a research note on Friday, August 19th. Morgan Stanley began coverage on shares of Bill.com in a research note on Monday, September 12th. They issued an overweight rating and a $220.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Bill.com from $200.00 to $230.00 and gave the company an overweight rating in a research note on Friday, August 19th. Evercore ISI boosted their target price on shares of Bill.com to $165.00 in a research note on Monday, August 22nd. Finally, Susquehanna Bancshares started coverage on shares of Bill.com in a research report on Thursday, September 15th. They set a positive rating and a $190.00 price target on the stock. Eighteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $230.45.

Bill.com Trading Down 1.4 %

Shares of BILL stock opened at $142.06 on Tuesday. Bill.com has a 1 year low of $89.87 and a 1 year high of $348.49. The firm’s fifty day simple moving average is $148.46 and its 200 day simple moving average is $154.60. The firm has a market capitalization of $14.89 billion, a P/E ratio of -44.12 and a beta of 2.15. 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:BILLGet Rating) last announced its earnings results on Thursday, August 18th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $200.22 million for the quarter, compared to analyst estimates of $183.10 million. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. Bill.com’s revenue was up 155.8% compared to the same quarter last year. As a group, sell-side analysts predict that Bill.com will post -2.17 EPS for the current year.

Insider Buying and Selling

In related news, insider Bora Chung sold 8,854 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 616 shares of the company’s stock, valued at $74,628.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Bill.com news, CEO Rene A. Lacerte sold 6,248 shares of Bill.com stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $175.05, for a total value of $1,093,712.40. Following the completion of the sale, the chief executive officer now directly owns 76,301 shares in the company, valued at $13,356,490.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bora Chung sold 8,854 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $121.15, for a total value of $1,072,662.10. Following the sale, the insider now owns 616 shares of the company’s stock, valued at approximately $74,628.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,211 shares of company stock worth $30,348,069. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. AlphaCentric Advisors LLC purchased a new position in Bill.com in the fourth quarter worth $34,000. Brown Brothers Harriman & Co. purchased a new position in Bill.com in the first quarter worth $38,000. Seaport Global Advisors LLC purchased a new position in Bill.com in the second quarter worth $43,000. Quadrant Capital Group LLC boosted its position in Bill.com by 91.7% in the second quarter. Quadrant Capital Group LLC now owns 395 shares of the company’s stock worth $43,000 after purchasing an additional 189 shares during the last quarter. Finally, CWM LLC boosted its position in Bill.com by 540.6% in the first quarter. CWM LLC now owns 205 shares of the company’s stock worth $46,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Bill.com Company Profile

(Get Rating)

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

Analyst Recommendations for Bill.com (NYSE:BILL)

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