Bill.com Holdings, Inc. (NYSE:BILL – Get Rating)’s stock price fell 7.3% during mid-day trading on Thursday after Wolfe Research lowered their price target on the stock from $190.00 to $150.00. The company traded as low as $99.36 and last traded at $99.36. 29,778 shares changed hands during trading, a decline of 98% from the average session volume of 1,433,664 shares. The stock had previously closed at $107.24.
Several other analysts have also issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Bill.com from $183.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Piper Sandler reduced their price target on shares of Bill.com from $215.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Oppenheimer reiterated an “outperform” rating and set a $200.00 price target on shares of Bill.com in a research report on Tuesday, September 20th. BMO Capital Markets reduced their price target on shares of Bill.com from $180.00 to $158.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Finally, Susquehanna reduced their price target on shares of Bill.com from $140.00 to $120.00 and set a “positive” rating on the stock in a research report on Friday, September 30th. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $190.60.
Insider Activity
In related news, insider Rajesh A. Aji sold 2,270 shares of Bill.com stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $118.61, for a total transaction of $269,244.70. Following the completion of the transaction, the insider now owns 847 shares of the company’s stock, valued at $100,462.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Rajesh A. Aji sold 2,270 shares of Bill.com stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $118.61, for a total transaction of $269,244.70. Following the completion of the transaction, the insider now owns 847 shares of the company’s stock, valued at $100,462.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bora Chung sold 8,855 shares of Bill.com stock in a transaction 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 transaction, the insider now directly owns 616 shares of the company’s stock, valued at approximately $77,652.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,966 shares of company stock valued at $8,650,137. Insiders own 5.00% of the company’s stock.
Institutional Investors Weigh In On Bill.com
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in Bill.com by 12.5% in the second quarter. Victory Capital Management Inc. now owns 115,579 shares of the company’s stock worth $12,706,000 after purchasing an additional 12,853 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Bill.com by 11.5% during the second quarter. Advisors Asset Management Inc. now owns 1,327 shares of the company’s stock valued at $146,000 after buying an additional 137 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Bill.com by 179.2% during the second quarter. Park Avenue Securities LLC now owns 14,587 shares of the company’s stock valued at $1,604,000 after buying an additional 9,362 shares during the last quarter. Endeavour Capital Advisors Inc. grew its holdings in shares of Bill.com by 28.6% during the first quarter. Endeavour Capital Advisors Inc. now owns 80,111 shares of the company’s stock valued at $18,168,000 after buying an additional 17,822 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Bill.com by 39.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 51,105 shares of the company’s stock valued at $5,619,000 after buying an additional 14,502 shares during the last quarter. 95.80% of the stock is currently owned by institutional investors and hedge funds.
Bill.com Price Performance
The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of -30.54 and a beta of 1.97. The business’s fifty day moving average price is $114.85 and its 200-day moving average price is $130.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.89 and a quick ratio of 1.89.
Bill.com (NYSE:BILL – Get Rating) last released its quarterly earnings results 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). Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. The firm had revenue of $229.92 million for the quarter, compared to the consensus estimate of $210.26 million. On average, research analysts forecast that Bill.com Holdings, Inc. will post -2.38 EPS for the current year.
Bill.com 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.