Bill.com Holdings Inc. (NYSE:BILL) shares traded 3.06% higher at $119.16 on Wall Street last session.
In accordance with the data, 25 analysts cover Bill.com Holdings Inc. (NYSE:BILL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $250.00 and a low of $105.00, we find $154.00. Given the previous closing price of $115.62, this indicates a potential upside of 33.19 percent. BILL stock price is now 8.11% away from the 50-day moving average and -8.24% away from the 200-day moving average. The market capitalization of the company currently stands at $11.91B.
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It has been rated a hold by 3 analysts and a buy by 22. Brokers who have rated the stock have averaged $163.96 as their price target over the next twelve months.
With the price target of $131, Citigroup recently initiated with Buy rating for Bill.com Holdings Inc. (NYSE: BILL). On January 11, 2023, Mizuho recently initiated its ‘Neutral’ rating on the stock quoting a target price of $105, while ‘Susquehanna’ rates the stock as ‘Positive’.
In other news, Rettig John R., CFO sold 6,008 shares of the company’s stock on Jan 05. The stock was sold for $605,600 at an average price of $100.80. Upon completion of the transaction, the CFO now directly owns 26,658 shares in the company, valued at $3.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15, CLO & CCO Aji Rajesh A. sold 2,270 shares of the business’s stock. A total of $269,245 was realized by selling the stock at an average price of $118.61. This leaves the insider owning 847 shares of the company worth $0.1 million. Insiders disposed of 780,150 shares of company stock worth roughly $92.96 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BILL stock. A new stake in Bill.com Holdings Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $181,754,000. ALKEON CAPITAL MANAGEMENT LLC invested $91,602,000 in shares of BILL during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Bill.com Holdings Inc. valued at approximately $78,825,000. DORSAL CAPITAL MANAGEMENT, LLC acquired a new stake in BILL for approximately $66,134,000. WHALE ROCK CAPITAL MANAGEMENT LLC purchased a new stake in BILL valued at around $49,301,000 in the second quarter. In total, there are 641 active investors with 98.50% ownership of the company’s stock.
Bill.com Holdings Inc. (NYSE: BILL) opened at $116.54 on Wednesday. During the past 12 months, Bill.com Holdings Inc. has had a low of $89.87 and a high of $262.17. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for BILL is $110.22 and a two-hundred day moving average price translates $129.87 for the stock.
The latest earnings results from Bill.com Holdings Inc. (NYSE: BILL) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.13 by 0.1. This compares to -$0.77 EPS in the same period last year. The net profit margin was -44.30% and return on equity was -8.20% for BILL. The company reported revenue of $229.92 million for the quarter, compared to $118.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 94.28 percent. For the current quarter, analysts expect BILL to generate $210.66M in revenue.
Bill.com Holdings Inc.(BILL) Company Profile
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. It also offers onboarding implementation support, and ongoing support and training services. The company serves accounting firms, financial institutions, and software companies. Bill.com Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.
