Bill.com (NYSE:BILL) PT Lowered to $158.00 at BMO Capital Markets

Bill.com (NYSE:BILLGet Rating) had its target price trimmed by BMO Capital Markets from $180.00 to $158.00 in a research note published on Friday morning, The Fly reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Susquehanna Bancshares dropped their price target on Bill.com from $140.00 to $120.00 in a research note on Friday, September 30th. Oppenheimer reissued an outperform rating and set a $200.00 price target on shares of Bill.com in a research note on Tuesday, September 20th. KeyCorp dropped their price target on Bill.com from $200.00 to $175.00 and set an overweight rating for the company in a research note on Friday. Jefferies Financial Group increased their price target on Bill.com from $150.00 to $180.00 in a research note on Friday, August 19th. Finally, Credit Suisse Group upped their price objective on Bill.com to $220.00 in a research report on Monday, August 22nd. Fourteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average price target of $192.10.

Bill.com Stock Performance

NYSE BILL opened at $106.33 on Friday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of -33.12 and a beta of 2.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $139.15 and a 200-day moving average price of $135.48. Bill.com has a twelve month low of $89.87 and a twelve month high of $348.49.

Bill.com (NYSE:BILLGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05). The business had revenue of $229.92 million during the quarter, compared to the consensus estimate of $210.26 million. Bill.com had a negative return on equity of 5.45% and a negative net margin of 44.29%. As a group, equities research analysts predict that Bill.com will post -2.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Blake Thomas Murray sold 95,826 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $164.23, for a total transaction of $15,737,503.98. Following the completion of the sale, the insider now directly owns 116,124 shares of the company’s stock, valued at approximately $19,071,044.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Bill.com news, CEO Rene A. Lacerte sold 15,000 shares of Bill.com stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $164.05, for a total transaction of $2,460,750.00. Following the completion of the sale, the chief executive officer now directly owns 210,000 shares of the company’s stock, valued at approximately $34,450,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Blake Thomas Murray sold 95,826 shares of Bill.com stock in a transaction on Monday, August 29th. The shares were sold at an average price of $164.23, for a total value of $15,737,503.98. Following the sale, the insider now directly owns 116,124 shares of the company’s stock, valued at $19,071,044.52. The disclosure for this sale can be found here. In the last three months, insiders sold 165,684 shares of company stock valued at $26,963,703. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Bill.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Bill.com during the 1st quarter valued at $38,000. CWM LLC increased its holdings in shares of Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company’s stock valued at $46,000 after acquiring an additional 173 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Bill.com by 60.8% in the 3rd quarter. Global Retirement Partners LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 87 shares during the period. EDBI Pte Ltd purchased a new position in shares of Bill.com in the 1st quarter valued at $67,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Bill.com by 178.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 312 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares during the period. 95.85% of the stock is owned by institutional investors.

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. 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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