Bill.com (NYSE:BILL) Shares Gap Up to $68.35

Bill.com Holdings, Inc. (NYSE:BILL – Get Rating)’s share price gapped up before the market opened on Monday . The stock had previously closed at $68.35, but opened at $72.61. Bill.com shares last traded at $71.15, with a volume of 2,011,370 shares.

Wall Street Analyst Weigh In

BILL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Bill.com from $200.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, January 24th. Citigroup began coverage on Bill.com in a research note on Friday, January 27th. They issued a “buy” rating and a $131.00 target price on the stock. Piper Sandler dropped their price target on Bill.com from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. Wolfe Research dropped their price target on Bill.com from $190.00 to $150.00 in a research report on Thursday, January 5th. Finally, Morgan Stanley dropped their target price on Bill.com from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.17.

Bill.com Stock Up 0.6 %

The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $7.90 billion, a P/E ratio of -22.31 and a beta of 1.99. The company’s fifty day simple moving average is $97.37 and its 200 day simple moving average is $116.83.

Bill.com (NYSE:BILL – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.88) by $0.27. The business had revenue of $260.01 million during the quarter, compared to analyst estimates of $242.59 million. Bill.com had a negative net margin of 40.65% and a negative return on equity of 6.23%. Research analysts expect that Bill.com Holdings, Inc. will post -2 EPS for the current year.

Insider Transactions at Bill.com

In other news, insider Rajesh A. Aji sold 847 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.00, for a total value of $83,853.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $100.80, for a total transaction of $605,606.40. Following the sale, the chief financial officer now directly owns 26,658 shares of the company’s stock, valued at approximately $2,687,126.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajesh A. Aji sold 847 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.00, for a total transaction of $83,853.00. The disclosure for this sale can be found here. Insiders have sold 15,293 shares of company stock valued at $1,532,548 in the last three months. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of Bill.com

Institutional investors have recently bought and sold shares of the company. CI Investments Inc. boosted its holdings in shares of Bill.com by 121.4% during the 4th quarter. CI Investments Inc. now owns 279 shares of the company’s stock valued at $30,000 after acquiring an additional 153 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Bill.com by 60.8% in the third quarter. Global Retirement Partners LLC now owns 230 shares of the company’s stock worth $31,000 after acquiring an additional 87 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Bill.com in the first quarter worth approximately $38,000. AdvisorNet Financial Inc grew its stake in shares of Bill.com by 178.6% in the third quarter. AdvisorNet Financial Inc now owns 312 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in shares of Bill.com in the fourth quarter worth approximately $41,000. 95.80% of the stock is owned by hedge funds and other institutional investors.

Bill.com Company Profile

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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.