Bill.com’s Hold Note (BILL) reiterated at Berenberg Bank

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Bill.com (NYSE: BILL)Berenberg’s stock had its “hold” rating reiterated by investment analysts at Berenberg Bank in a research report released on Monday, AnalystRatings.com reports.

BILL has been the subject of several other research reports. Canaccord Genuity raised its price target for the Bill.com stock from $ 223.00 to $ 284.00 and assigned the stock a “buy” rating in a research note on Friday, August 27. Guggenheim raised its price target for the Bill.com stock from $ 214.00 to $ 280.00 and gave the stock a “buy” rating in a research note on Friday, August 27. The Goldman Sachs group began covering shares of Bill.com in a research note on Thursday, June 17. They set a “buy” rating on the stock. Bank of America raised its price target for Bill.com stock from $ 185.00 to $ 320.00 and gave the stock a “buy” rating in a research note on Friday, August 27. Finally, Piper Sandler raised her price target for the Bill.com stock from $ 180.00 to $ 280.00 and assigned the stock an “overweight” rating in a Friday August 27th research note. One research analyst rated the stock with a sell rating, three assigned a conservation rating, and eleven assigned a buy rating to the stock. According to MarketBeat, Bill.com has a consensus rating of “Buy” and an average price target of $ 247.00.

BILL shares opened at $ 294.20 on Monday. Bill.com has a 12 month low of $ 83.67 and a 12 month high of $ 301.99. The company has a current ratio of 1.55, a quick ratio of 1.55, and a debt ratio of 0.39. The company’s 50-day moving average is $ 230.05 and its 200-day moving average is $ 182.73. The stock has a market cap of $ 27.89 billion, a P / E ratio of -251.45 and a beta of 2.42.

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Bill.com (NYSE: BILL) last released its results on Wednesday, August 25. The company reported ($ 0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.04) by ($ 0.03). Bill.com recorded a negative return on equity of 6.22% and a negative net margin of 41.43%. The company posted revenue of $ 78.30 million in the quarter, compared to analysts’ expectations of $ 64.98 million. In the same quarter of the previous year, the company posted ($ 0.02) EPS. The company’s revenue for the quarter increased 85.9% compared to the same quarter last year. As a group, stock analysts predict that Bill.com will post earnings per share of -2.15 for the current year.

In other Bill.com news, general counsel Rajesh A. Aji sold 2,024 shares of Bill.com in a trade on Wednesday, September 15. The shares were sold for an average price of $ 285.99, for a total value of $ 578,843.76. As a result of the sale, the General Counsel now directly owns 2,024 shares of the company, valued at approximately $ 578,843.76. The sale was disclosed in a legal file with the SEC, which can be accessed via this hyperlink. In addition, principal Allison Mnookin sold 10,000 shares of Bill.com in a transaction on Tuesday, July 6. The stock was sold at an average price of $ 185.88, for a total trade of $ 1,858,800.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 258,258 shares of the company valued at $ 60,857,211. 11.10% of the shares are currently held by insiders.

Large investors have recently changed their holdings in the company. Newbridge Financial Services Group Inc. increased its stake in Bill.com shares by 2,283.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 143 shares of the company valued at $ 26,000 after purchasing 137 additional shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Bill.com shares by 48.4% in the second quarter. PNC Financial Services Group Inc. now owns 184 shares of the company valued at $ 34,000 after purchasing an additional 60 shares in the last quarter. KB Financial Partners LLC increased its stake in Bill.com shares by 33.1% in the 2nd quarter. KB Financial Partners LLC now owns 209 shares of the company valued at $ 38,000 after purchasing 52 additional shares in the last quarter. Berman Capital Advisors LLC increased its stake in Bill.com shares by 1,038.1% in the second quarter. Berman Capital Advisors LLC now owns 239 shares of the company valued at $ 43,000 after purchasing 218 additional shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Bill.com shares during the 1st quarter valued at approximately $ 44,000. 87.23% of the shares are held by institutional investors and hedge funds.

Bill.com Company Profile

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back office financial operations for small and medium businesses around the world. It offers a financial software platform based on artificial intelligence (AI). The company provides cloud-based payment products as a software-as-a-service, which enables users to automate accounts payable and accounts receivable transactions, as well as allowing users to connect with their vendors. and / or clients to do business, manage cash flow. , and improve office efficiency.

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Analyst Recommendations for Bill.com (NYSE: BILL)

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