Bill.com (NYSE:BILL) Price Target Cut to $150.00

Bill.com (NYSE:BILLGet Rating) had its price target decreased by Jefferies Financial Group from $250.00 to $150.00 in a research note issued on Monday, The Fly reports. Jefferies Financial Group’s price target indicates a potential upside of 26.44% from the company’s previous close.

A number of other research firms also recently commented on BILL. Canaccord Genuity Group reduced their target price on Bill.com from $366.00 to $250.00 in a report on Friday, May 6th. Needham & Company LLC dropped their price target on Bill.com from $370.00 to $200.00 in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Bill.com from $360.00 to $265.00 and set a “buy” rating for the company in a research report on Tuesday, January 25th. Evercore ISI dropped their price objective on Bill.com from $300.00 to $200.00 and set an “inline” rating for the company in a research report on Friday, February 4th. Finally, Wells Fargo & Company initiated coverage on Bill.com in a research report on Monday, April 4th. They set an “overweight” rating and a $284.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Bill.com presently has an average rating of “Buy” and a consensus price target of $247.64.

Shares of Bill.com stock opened at $118.63 on Monday. The firm has a market capitalization of $12.37 billion, a P/E ratio of -41.05 and a beta of 2.32. Bill.com has a 52 week low of $89.87 and a 52 week high of $348.49. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $182.70 and its two-hundred day moving average is $218.46.

Bill.com (NYSE:BILLGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. The business had revenue of $166.90 million during the quarter, compared to the consensus estimate of $157.90 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The company’s revenue was up 179.4% compared to the same quarter last year. As a group, research analysts expect that Bill.com will post -2.27 earnings per share for the current fiscal year.

In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of Bill.com stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $116.72, for a total transaction of $1,167,200.00. Following the sale, the chief executive officer now directly owns 78,970 shares in the company, valued at approximately $9,217,378.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bora Chung sold 8,854 shares of Bill.com stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $113.33, for a total value of $1,003,423.82. Following the sale, the insider now owns 616 shares in the company, valued at $69,811.28. The disclosure for this sale can be found here. Insiders have sold a total of 88,687 shares of company stock worth $16,094,897 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Reilly Financial Advisors LLC bought a new stake in shares of Bill.com in the 4th quarter valued at approximately $26,000. AlphaCentric Advisors LLC bought a new position in Bill.com during the 4th quarter worth $34,000. Brown Brothers Harriman & Co. bought a new position in Bill.com during the 1st quarter worth $38,000. CWM LLC grew its stake in Bill.com by 540.6% during the 1st quarter. CWM LLC now owns 205 shares of the company’s stock worth $46,000 after buying an additional 173 shares during the last quarter. Finally, KB Financial Partners LLC bought a new position in Bill.com during the 4th quarter worth $51,000. Institutional investors and hedge funds own 99.01% 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. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

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