Robert W. Baird Begins Coverage on Bill.com (NYSE:BILL)

Analysts at Robert W. Baird assumed coverage on shares of Bill.com (NYSE:BILL – Get Rating) in a report released on Thursday, The Fly reports. The brokerage set a “neutral” rating and a $86.00 price target on the stock. Robert W. Baird’s price objective would indicate a potential upside of 16.78% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Mizuho cut their target price on shares of Bill.com from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, February 3rd. Piper Sandler cut their target price on shares of Bill.com from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. Susquehanna dropped their price objective on shares of Bill.com from $140.00 to $120.00 in a research report on Thursday. Wells Fargo & Company dropped their price objective on shares of Bill.com from $180.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Bill.com from $161.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.29.

Bill.com Price Performance

Bill.com stock opened at $73.64 on Thursday. The company’s 50 day simple moving average is $95.93 and its 200-day simple moving average is $115.65. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of -22.11 and a beta of 1.99. Bill.com has a 1 year low of $68.30 and a 1 year high of $244.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81.

Bill.com (NYSE:BILL – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.88) by $0.27. Bill.com had a negative net margin of 40.65% and a negative return on equity of 6.23%. The firm had revenue of $260.01 million for the quarter, compared to the consensus estimate of $242.59 million. As a group, equities research analysts expect that Bill.com will post -2 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $93.01, for a total transaction of $558,804.08. Following the completion of the sale, the chief financial officer now owns 26,818 shares in the company, valued at approximately $2,494,342.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO John R. Rettig sold 6,008 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $93.01, for a total value of $558,804.08. Following the completion of the sale, the chief financial officer now owns 26,818 shares in the company, valued at approximately $2,494,342.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajesh A. Aji sold 847 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.00, for a total transaction of $83,853.00. The disclosure for this sale can be found here. Insiders sold a total of 13,023 shares of company stock worth $1,263,303 in the last 90 days. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Bill.com

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Bill.com by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,250,757 shares of the company’s stock valued at $1,334,842,000 after purchasing an additional 1,858,460 shares in the last quarter. Pelion Inc. purchased a new position in shares of Bill.com in the 3rd quarter valued at about $164,455,000. Abdiel Capital Advisors LP increased its holdings in shares of 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 purchasing an additional 1,217,399 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Bill.com by 6,526.7% in the 4th quarter. Voya Investment Management LLC now owns 832,508 shares of the company’s stock valued at $90,710,000 after purchasing an additional 819,945 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of Bill.com by 122.0% in the 4th quarter. Eagle Asset Management Inc. now owns 833,236 shares of the company’s stock valued at $91,039,000 after purchasing an additional 457,861 shares in the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.

About Bill.com

(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.