Bill.com (NYSE:BILL) PT Lowered to $205.00

Bill.com (NYSE:BILL – Get Rating) had its target price decreased by research analysts at Piper Sandler from $300.00 to $205.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 78.79% from the stock’s current price.

A number of other equities research analysts also recently weighed in on BILL. KeyCorp lifted their target price on Bill.com from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, February 3rd. The Goldman Sachs Group lowered Bill.com to a “buy” rating and cut their price objective for the stock from $320.00 to $216.00 in a research note on Monday, May 9th. Needham & Company LLC cut their price objective on Bill.com from $370.00 to $200.00 in a research note on Friday, May 6th. Canaccord Genuity Group dropped their price target on Bill.com from $366.00 to $250.00 in a research note on Friday, May 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Bill.com from $360.00 to $265.00 and set a “buy” rating on the stock in a research note on Tuesday, January 25th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $239.68.

NYSE BILL opened at $114.66 on Tuesday. The business has a 50 day simple moving average of $181.49 and a 200 day simple moving average of $216.91. Bill.com has a 52-week low of $89.87 and a 52-week high of $348.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of -39.67 and a beta of 2.32.

Bill.com (NYSE:BILL – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $157.90 million. During the same period in the prior year, the business earned ($0.15) EPS. Bill.com’s revenue for the quarter was up 179.4% compared to the same quarter last year. On average, analysts predict that Bill.com will post -2.27 EPS for the current year.

In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of the stock in a transaction 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 owns 78,970 shares of the company’s stock, valued at approximately $9,217,378.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bora Chung sold 1,096 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was 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 88,687 shares of company stock worth $16,094,897 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BILL. WCM Investment Management LLC raised its stake in shares of Bill.com by 50.7% during the 4th quarter. WCM Investment Management LLC now owns 15,298 shares of the company’s stock valued at $3,811,000 after buying an additional 5,145 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Bill.com by 81.9% during the 4th quarter. Swiss National Bank now owns 284,000 shares of the company’s stock worth $70,759,000 after purchasing an additional 127,900 shares during the last quarter. Parkwood LLC acquired a new position in shares of Bill.com during the 4th quarter worth approximately $1,406,000. Commonwealth Equity Services LLC boosted its holdings in shares of Bill.com by 57.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,465 shares of the company’s stock worth $1,859,000 after purchasing an additional 2,732 shares during the last quarter. Finally, National Asset Management Inc. lifted its holdings in Bill.com by 16.8% in the fourth quarter. National Asset Management Inc. now owns 1,429 shares of the company’s stock valued at $357,000 after acquiring an additional 206 shares during the last quarter. 99.01% of the stock is 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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