Bill.com (NYSE:BILL) Now Covered by Robert W. Baird

Robert W. Baird started coverage on shares of Bill.com (NYSE:BILL – Get Rating) in a report issued on Thursday morning, The Fly reports. The brokerage issued a neutral rating and a $86.00 price target on the stock.

Several other brokerages have also commented on BILL. Citigroup initiated coverage on shares of Bill.com in a research note on Friday, January 27th. They set a buy rating and a $131.00 price target on the stock. Morgan Stanley decreased their price objective on shares of Bill.com from $200.00 to $185.00 and set an overweight rating for the company in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bill.com from $200.00 to $150.00 and set a buy rating for the company in a report on Tuesday, January 24th. Sumitomo Mitsui Financial Group reissued a neutral rating and issued a $110.00 price target (down from $140.00) on shares of Bill.com in a report on Friday, February 3rd. Finally, Credit Suisse Group reduced their price objective on shares of Bill.com from $200.00 to $160.00 and set an outperform rating for the company in a report on Monday, February 6th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $155.29.

Bill.com Stock Performance

Shares of NYSE:BILL opened at $73.64 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. Bill.com has a 52 week low of $68.30 and a 52 week high of $244.89. The firm has a 50 day simple moving average of $95.93 and a 200 day simple moving average of $115.30.

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

Insiders Place Their Bets

In other news, CFO John R. Rettig sold 6,008 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $100.80, for a total transaction 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 transaction 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 847 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.00, for a total value of $83,853.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John R. Rettig sold 6,008 shares of the company’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $100.80, for a total value of $605,606.40. Following the completion of the sale, the chief financial officer now directly owns 26,658 shares in the company, valued at $2,687,126.40. The disclosure for this sale can be found here. Insiders have sold 13,023 shares of company stock valued at $1,263,303 in the last ninety days. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Bill.com

Several hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its holdings in Bill.com by 6,526.7% in the fourth quarter. Voya Investment Management LLC now owns 832,508 shares of the company’s stock worth $90,710,000 after acquiring an additional 819,945 shares in the last quarter. Natixis lifted its holdings in shares of Bill.com by 304.7% during the fourth quarter. Natixis now owns 255,003 shares of the company’s stock valued at $27,785,000 after purchasing an additional 192,000 shares in the last quarter. Wallace Advisory Group LLC bought a new position in shares of Bill.com during the fourth quarter valued at $257,000. Truist Financial Corp lifted its holdings in shares of Bill.com by 2.7% during the fourth quarter. Truist Financial Corp now owns 9,224 shares of the company’s stock valued at $1,005,000 after purchasing an additional 243 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in Bill.com in the fourth quarter valued at about $44,000. 95.80% of the stock is owned by institutional investors.

About Bill.com

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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.