Bill.com (NYSE:BILL) Hits New 12-Month High at $308.48

Bill.com Holdings, Inc. (NYSE:BILL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $308.48 and last traded at $305.83, with a volume of 8218 shares changing hands. The stock had previously closed at $294.71.

BILL has been the subject of several recent research reports. Needham & Company LLC increased their price target on Bill.com from $215.00 to $280.00 and gave the company a “buy” rating in a report on Friday, August 27th. KeyCorp increased their price target on Bill.com from $175.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 27th. Zacks Investment Research downgraded Bill.com from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 1st. BTIG Research increased their price target on Bill.com from $290.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, September 2nd. Finally, Guggenheim raised their target price on Bill.com from $214.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $247.00.

The firm has a market capitalization of $28.49 billion, a price-to-earnings ratio of -251.89 and a beta of 2.42. The stock has a 50 day moving average of $256.87 and a 200 day moving average of $198.01. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.39.

Bill.com (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 25th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The firm had revenue of $78.30 million during the quarter, compared to analyst estimates of $64.98 million. Bill.com had a negative return on equity of 6.22% and a negative net margin of 41.43%. The firm’s revenue for the quarter was up 85.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. Analysts predict that Bill.com Holdings, Inc. will post -2.15 earnings per share for the current year.

In other news, CEO Rene A. Lacerte sold 1,200 shares of Bill.com stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $298.91, for a total transaction of $358,692.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John R. Rettig sold 5,800 shares of Bill.com stock in a transaction that occurred on Tuesday, October 5th. The shares were sold at an average price of $266.18, for a total value of $1,543,844.00. The disclosure for this sale can be found here. Insiders sold 262,243 shares of company stock valued at $65,820,132 over the last quarter. Insiders own 11.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its stake in shares of Bill.com by 34.2% during the second quarter. Daiwa Securities Group Inc. now owns 78,109 shares of the company’s stock valued at $14,308,000 after acquiring an additional 19,900 shares during the period. BlackRock Inc. increased its stake in shares of Bill.com by 10.9% during the second quarter. BlackRock Inc. now owns 4,616,538 shares of the company’s stock valued at $845,657,000 after acquiring an additional 452,052 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Bill.com by 803.4% during the second quarter. Los Angeles Capital Management LLC now owns 131,107 shares of the company’s stock valued at $24,016,000 after acquiring an additional 116,594 shares during the period. Stifel Financial Corp grew its position in Bill.com by 24.4% in the first quarter. Stifel Financial Corp now owns 53,640 shares of the company’s stock worth $7,805,000 after buying an additional 10,523 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its position in Bill.com by 11.5% in the second quarter. Precision Wealth Strategies LLC now owns 7,642 shares of the company’s stock worth $1,400,000 after buying an additional 787 shares during the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.

About Bill.com (NYSE:BILL)

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

Read More: Bond

Receive News & Ratings for Bill.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill.com and related companies with MarketBeat.com's FREE daily email newsletter.