Bill.com (NYSE:BILL) Downgraded by The Goldman Sachs Group to “Buy”

Bill.com (NYSE:BILLGet Rating) was downgraded by analysts at The Goldman Sachs Group to a “buy” rating in a research report issued to clients and investors on Monday. They currently have a $216.00 target price on the stock, down from their prior target price of $320.00. The Goldman Sachs Group’s price objective would suggest a potential upside of 85.42% from the company’s current price.

A number of other research firms have also weighed in on BILL. BMO Capital Markets raised their price target on shares of Bill.com from $209.00 to $258.00 in a research report on Friday, February 4th. Oppenheimer decreased their price objective on shares of Bill.com from $285.00 to $190.00 in a report on Friday. Evercore ISI decreased their price objective on shares of Bill.com from $300.00 to $200.00 and set an “inline” rating for the company in a report on Friday, February 4th. KeyCorp raised their price objective on shares of Bill.com from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, February 3rd. Finally, Citigroup assumed coverage on shares of Bill.com in a report on Tuesday, February 1st. They set a “buy” rating and a $209.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $257.52.

BILL opened at $116.49 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day moving average is $201.50 and its 200 day moving average is $231.58. Bill.com has a fifty-two week low of $109.09 and a fifty-two week high of $348.49. The firm has a market capitalization of $12.07 billion, a P/E ratio of -40.31 and a beta of 2.32.

Bill.com (NYSE:BILLGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Bill.com had a negative net margin of 54.96% and a negative return on equity of 5.22%. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $157.90 million. During the same period last year, the firm earned ($0.15) earnings per share. The firm’s revenue was up 179.4% on a year-over-year basis. On average, equities research analysts expect that Bill.com will post -2.29 earnings per share for the current year.

In other news, CEO Rene A. Lacerte sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $248.30, for a total value of $2,483,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Mnookin sold 3,333 shares of Bill.com stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $245.00, for a total transaction of $816,585.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,166 shares of company stock valued at $17,223,858. 5.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BILL. Morgan Stanley increased its stake in shares of Bill.com by 538.1% in the second quarter. Morgan Stanley now owns 378,675 shares of the company’s stock worth $69,366,000 after buying an additional 319,329 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Bill.com by 136.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,744 shares of the company’s stock worth $1,266,000 after buying an additional 2,734 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Bill.com by 18.5% in the third quarter. PNC Financial Services Group Inc. now owns 218 shares of the company’s stock worth $59,000 after buying an additional 34 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of Bill.com by 18.8% in the third quarter. Advisor Group Holdings Inc. now owns 21,103 shares of the company’s stock worth $5,625,000 after buying an additional 3,340 shares during the period. Finally, Truist Financial Corp purchased a new position in shares of Bill.com in the third quarter worth $934,000. 99.01% of the stock is currently owned by institutional investors.

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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