Bill.com (NYSE:BILL) Price Target Lowered to $125.00 at KeyCorp

Bill.com (NYSE:BILL – Get Rating) had its price target dropped by KeyCorp from $175.00 to $125.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 20.13% from the company’s current price.

A number of other equities analysts have also weighed in on BILL. Susquehanna Bancshares decreased their price target on Bill.com from $140.00 to $120.00 in a research report on Friday, September 30th. Mizuho assumed coverage on Bill.com in a research report on Tuesday, January 10th. They set a “neutral” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Bill.com from $240.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, October 17th. Oppenheimer decreased their price objective on Bill.com from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, January 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bill.com from $269.00 to $225.00 in a research report on Monday, October 10th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bill.com currently has an average rating of “Moderate Buy” and a consensus price target of $178.24.

Bill.com Trading Up 4.3 %

NYSE:BILL opened at $104.05 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.44. Bill.com has a 1-year low of $89.87 and a 1-year high of $262.17. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of -32.41 and a beta of 1.96. The stock has a fifty day simple moving average of $110.77 and a 200 day simple moving average of $128.95.

Bill.com (NYSE:BILL – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05). Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. The company had revenue of $229.92 million during the quarter, compared to analyst estimates of $210.26 million. Sell-side analysts forecast that Bill.com will post -2.39 earnings per share for the current year.

Insider Activity at Bill.com

In related news, CEO Rene A. Lacerte sold 9,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $113.99, for a total value of $1,087,122.63. Following the transaction, the chief executive officer now directly owns 84,908 shares of the company’s stock, valued at approximately $9,678,662.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Bill.com news, CEO Rene A. Lacerte sold 9,537 shares of Bill.com stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $113.99, for a total value of $1,087,122.63. Following the transaction, the chief executive officer now directly owns 84,908 shares of the company’s stock, valued at approximately $9,678,662.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven Cakebread sold 20,000 shares of Bill.com stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $113.44, for a total value of $2,268,800.00. Following the completion of the transaction, the director now directly owns 953 shares in the company, valued at $108,108.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,119 shares of company stock valued at $8,139,482. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Bill.com

Several institutional investors have recently modified their holdings of BILL. Pelion Inc. acquired a new stake in shares of Bill.com during the 3rd quarter worth approximately $164,455,000. Abdiel Capital Advisors LP boosted its stake in Bill.com by 158.0% in the 2nd quarter. Abdiel Capital Advisors LP now owns 1,988,067 shares of the company’s stock valued at $218,568,000 after buying an additional 1,217,399 shares in the last quarter. Marshall Wace LLP boosted its stake in Bill.com by 17,470.0% in the 3rd quarter. Marshall Wace LLP now owns 386,541 shares of the company’s stock valued at $51,164,000 after buying an additional 384,341 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Bill.com by 40.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,187,399 shares of the company’s stock valued at $157,176,000 after buying an additional 341,359 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Bill.com by 25.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,616,806 shares of the company’s stock valued at $177,752,000 after buying an additional 324,354 shares in the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.

Bill.com Company Profile

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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.