Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) CEO Rene A. Lacerte sold 6,248 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $175.05, for a total transaction of $1,093,712.40. Following the completion of the sale, the chief executive officer now owns 76,301 shares of the company’s stock, valued at $13,356,490.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Bill.com Trading Down 5.8 %
Shares of BILL stock opened at $162.34 on Wednesday. Bill.com Holdings, Inc. has a 1-year low of $89.87 and a 1-year high of $348.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50-day moving average of $145.27 and a 200 day moving average of $157.14. The stock has a market capitalization of $17.02 billion, a PE ratio of -50.42 and a beta of 2.15.
Bill.com (NYSE:BILL – Get Rating) last posted its earnings results on Thursday, August 18th. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.10. The business had revenue of $200.22 million during the quarter, compared to analyst estimates of $183.10 million. Bill.com had a negative return on equity of 5.13% and a negative net margin of 51.22%. The company’s quarterly revenue was up 155.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) EPS. As a group, sell-side analysts anticipate that Bill.com Holdings, Inc. will post -2.17 earnings per share for the current year.
Hedge Funds Weigh In On Bill.com
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Bill.com from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Evercore ISI increased their target price on shares of Bill.com to $165.00 in a report on Monday, August 22nd. Oppenheimer upped their price target on shares of Bill.com from $150.00 to $200.00 in a research report on Friday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bill.com from $177.00 to $240.00 in a research report on Friday, August 19th. Finally, KeyCorp upped their price target on shares of Bill.com from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $234.50.
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.
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