Bill.com (NYSE:BILL) PT Lowered to $300.00

Bill.com (NYSE:BILLGet Rating) had its price target decreased by research analysts at BTIG Research from $375.00 to $300.00 in a report released on Friday, The Fly reports. BTIG Research’s price target suggests a potential upside of 97.06% from the stock’s previous close.

Several other equities research analysts also recently weighed in on BILL. Zacks Investment Research upgraded Bill.com from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Wednesday. Oppenheimer dropped their price objective on Bill.com from $285.00 to $190.00 in a research note on Friday. Evercore ISI dropped their price objective on Bill.com from $300.00 to $200.00 and set an “inline” rating on the stock in a research note on Friday, February 4th. BMO Capital Markets increased their target price on Bill.com from $209.00 to $258.00 in a research report on Friday, February 4th. Finally, The Goldman Sachs Group dropped their target price on Bill.com from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $263.10.

NYSE:BILL opened at $152.24 on Friday. The stock has a 50-day simple moving average of $203.84 and a two-hundred day simple moving average of $233.75. Bill.com has a 52-week low of $128.00 and a 52-week high of $348.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $15.77 billion, a PE ratio of -64.24 and a beta of 2.32.

Bill.com (NYSE:BILLGet Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $157.90 million. Bill.com had a negative return on equity of 4.69% and a negative net margin of 54.69%. The firm’s revenue for the quarter was up 179.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. Equities analysts forecast that Bill.com will post -2.29 earnings per share for the current fiscal year.

In other news, CEO Rene A. Lacerte sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $248.30, for a total transaction of $2,483,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bora Chung sold 1,096 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $238.77, for a total value of $261,691.92. The disclosure for this sale can be found here. Insiders have sold a total of 99,387 shares of company stock valued at $20,992,262 in the last quarter. Company insiders own 5.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Reilly Financial Advisors LLC acquired a new stake in shares of Bill.com during the 4th quarter valued at about $26,000. Winch Advisory Services LLC boosted its holdings in shares of Bill.com by 89.1% during the 3rd quarter. Winch Advisory Services LLC now owns 121 shares of the company’s stock worth $32,000 after purchasing an additional 57 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Bill.com during the 4th quarter worth approximately $34,000. CWM LLC raised its position in shares of Bill.com by 540.6% during the 1st quarter. CWM LLC now owns 205 shares of the company’s stock valued at $46,000 after buying an additional 173 shares during the period. Finally, KB Financial Partners LLC purchased a new stake in shares of Bill.com during the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 99.01% 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. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

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