Bill.com (NYSE:BILL) Coverage Initiated by Analysts at Mizuho

Mizuho began coverage on shares of Bill.com (NYSE:BILLGet Rating) in a report issued on Tuesday, The Fly reports. The brokerage issued a neutral rating on the stock.

Several other research firms also recently commented on BILL. Piper Sandler dropped their target price on Bill.com from $165.00 to $140.00 and set an overweight rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on Bill.com from $240.00 to $200.00 and set a buy rating on the stock in a report on Monday, October 17th. Keefe, Bruyette & Woods lowered their price target on Bill.com from $269.00 to $225.00 in a report on Monday, October 10th. KeyCorp lowered their price target on Bill.com from $200.00 to $175.00 and set an overweight rating on the stock in a report on Friday, November 4th. Finally, Wells Fargo & Company lowered their price target on Bill.com from $195.00 to $180.00 and set an overweight rating on the stock in a report on Monday. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $186.90.

Bill.com Trading Up 1.3 %

Bill.com stock opened at $101.65 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $112.08 and its two-hundred day simple moving average is $129.80. Bill.com has a 12 month low of $89.87 and a 12 month high of $262.17. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of -31.67 and a beta of 1.96.

Bill.com (NYSE:BILLGet Rating) last released its earnings results on Thursday, November 3rd. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.05). Bill.com had a negative return on equity of 5.45% and a negative net margin of 44.29%. The company had revenue of $229.92 million during the quarter, compared to the consensus estimate of $210.26 million. As a group, equities analysts predict that Bill.com will post -2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $100.80, for a total transaction of $605,606.40. Following the completion of the sale, the chief financial officer now owns 26,658 shares in the company, valued at $2,687,126.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bora Chung sold 8,855 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $126.06, for a total transaction of $1,116,261.30. Following the completion of the transaction, the insider now directly owns 616 shares of the company’s stock, valued at $77,652.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John R. Rettig sold 6,008 shares of the stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $100.80, for a total value of $605,606.40. Following the transaction, the chief financial officer now directly owns 26,658 shares of the company’s stock, valued at $2,687,126.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,974 shares of company stock worth $9,255,743. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bill.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avitas Wealth Management LLC bought a new position in Bill.com during the fourth quarter valued at approximately $228,000. Peregrine Capital Management LLC boosted its stake in Bill.com by 1.6% during the fourth quarter. Peregrine Capital Management LLC now owns 211,198 shares of the company’s stock valued at $23,012,000 after buying an additional 3,241 shares during the last quarter. American Trust boosted its stake in Bill.com by 4.8% during the third quarter. American Trust now owns 6,151 shares of the company’s stock valued at $814,000 after buying an additional 280 shares during the last quarter. Bridgefront Capital LLC bought a new position in Bill.com during the third quarter valued at approximately $247,000. Finally, Seaport Global Advisors LLC lifted its stake in shares of Bill.com by 133.9% in the 3rd quarter. Seaport Global Advisors LLC now owns 917 shares of the company’s stock valued at $121,000 after purchasing an additional 525 shares during the last quarter. 95.80% 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. 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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