Bill.com (NYSE:BILL) Earns “Outperform” Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Bill.com (NYSE:BILLGet Rating) in a research note published on Tuesday, Marketbeat reports. They currently have a $200.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Susquehanna began coverage on shares of Bill.com in a research report on Thursday, September 15th. They issued a positive rating and a $190.00 price objective on the stock. Morgan Stanley began coverage on shares of Bill.com in a research report on Monday, September 12th. They issued an overweight rating and a $220.00 price objective on the stock. Wolfe Research decreased their price objective on shares of Bill.com from $190.00 to $180.00 in a research report on Wednesday, July 20th. Wells Fargo & Company boosted their price objective on shares of Bill.com from $200.00 to $230.00 and gave the company an overweight rating in a research report on Friday, August 19th. Finally, Jefferies Financial Group boosted their price objective on shares of Bill.com from $150.00 to $180.00 in a research report on Friday, August 19th. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $230.45.

Bill.com Stock Performance

Bill.com stock opened at $130.14 on Tuesday. 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 company has a market capitalization of $13.64 billion, a PE ratio of -40.42 and a beta of 2.15. The firm has a fifty day simple moving average of $149.04 and a two-hundred day simple moving average of $154.10. Bill.com has a twelve month low of $89.87 and a twelve month high of $348.49.

Bill.com (NYSE:BILLGet Rating) last posted its quarterly earnings results on Thursday, August 18th. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.10. The business had revenue of $200.22 million during the quarter, compared to the consensus estimate of $183.10 million. Bill.com had a negative net margin of 51.22% and a negative return on equity of 5.13%. The firm’s revenue for the quarter was up 155.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.44) earnings per share. Research analysts expect that Bill.com will post -2.17 EPS for the current year.

Insiders Place Their Bets

In other Bill.com news, CFO John R. Rettig sold 3,607 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $164.23, for a total value of $592,377.61. Following the sale, the chief financial officer now owns 28,070 shares in the company, valued at $4,609,936.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Bora Chung sold 8,854 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $121.15, for a total value of $1,072,662.10. Following the transaction, the insider now owns 616 shares in the company, valued at $74,628.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John R. Rettig sold 3,607 shares of the company’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 $592,377.61. Following the completion of the transaction, the chief financial officer now owns 28,070 shares in the company, valued at approximately $4,609,936.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,211 shares of company stock worth $30,348,069. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Bill.com by 62.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,222 shares of the company’s stock worth $25,219,000 after acquiring an additional 39,054 shares during the period. Principal Financial Group Inc. raised its position in Bill.com by 238.0% in the fourth quarter. Principal Financial Group Inc. now owns 27,528 shares of the company’s stock worth $6,859,000 after acquiring an additional 19,383 shares during the period. Rafferty Asset Management LLC raised its position in Bill.com by 2.6% in the fourth quarter. Rafferty Asset Management LLC now owns 2,150 shares of the company’s stock worth $536,000 after acquiring an additional 54 shares during the period. abrdn plc bought a new position in Bill.com in the fourth quarter worth approximately $588,000. Finally, Ensign Peak Advisors Inc raised its position in Bill.com by 32.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 25,040 shares of the company’s stock worth $6,239,000 after acquiring an additional 6,091 shares during the period. Institutional investors own 95.85% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Bill.com (NYSE:BILL)

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