Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) – Investment analysts at Oppenheimer issued their FY2022 earnings per share (EPS) estimates for Bill.com in a note issued to investors on Wednesday, July 27th. Oppenheimer analyst K. Wong expects that the company will post earnings per share of ($2.35) for the year. Oppenheimer currently has a "Outperform" rating and a $150.00 target price on the stock. The consensus estimate for Bill.com's current full-year earnings is ($2.27) per share. Oppenheimer also issued estimates for Bill.com's Q4 2022 earnings at ($0.73) EPS, Q1 2023 earnings at ($0.62) EPS, Q2 2023 earnings at ($0.63) EPS, Q3 2023 earnings at ($0.65) EPS, Q4 2023 earnings at ($0.81) EPS, FY2023 earnings at ($2.72) EPS and FY2024 earnings at ($2.65) EPS.
Get Bill.com alerts:Several other equities research analysts also recently commented on BILL. Canaccord Genuity Group decreased their price objective on Bill.com from $366.00 to $250.00 in a report on Friday, May 6th. Deutsche Bank Aktiengesellschaft cut their target price on Bill.com from $265.00 to $177.00 and set a "buy" rating on the stock in a research report on Thursday, July 7th. The Goldman Sachs Group cut Bill.com to a "buy" rating and cut their target price for the company from $320.00 to $216.00 in a research report on Monday, May 9th. Piper Sandler cut their target price on Bill.com from $212.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, July 18th. Finally, KeyCorp cut their target price on Bill.com from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, July 7th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $229.05.
Bill.com Trading Up 2.0 %
Shares of BILL stock opened at $135.08 on Monday. The company has a market cap of $14.08 billion, a P/E ratio of -46.74 and a beta of 2.28. The stock has a 50 day simple moving average of $121.52 and a two-hundred day simple moving average of $167.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.41. Bill.com has a fifty-two week low of $89.87 and a fifty-two week high of $348.49.Bill.com (NYSE:BILL – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.01). Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $157.90 million. During the same quarter last year, the business earned ($0.15) earnings per share. Bill.com's revenue was up 179.4% compared to the same quarter last year.
Insider Activity at Bill.com
In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of the company's stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $116.72, for a total value of $1,167,200.00. Following the transaction, the chief executive officer now directly owns 78,970 shares in the company, valued at approximately $9,217,378.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of the company's stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $116.72, for a total value of $1,167,200.00. Following the transaction, the chief executive officer now directly owns 78,970 shares in the company, valued at approximately $9,217,378.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rene A. Lacerte sold 6,847 shares of the company's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $119.86, for a total value of $820,681.42. Following the completion of the transaction, the chief executive officer now owns 84,908 shares in the company, valued at $10,177,072.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,942 shares of company stock worth $5,823,789. 5.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Bill.com
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Bill.com by 9.5% during the 2nd quarter. SG Americas Securities LLC now owns 10,925 shares of the company's stock valued at $1,201,000 after acquiring an additional 944 shares during the period. Avitas Wealth Management LLC purchased a new stake in Bill.com during the 2nd quarter valued at about $208,000. Russell Investments Group Ltd. boosted its holdings in Bill.com by 100.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,242 shares of the company's stock valued at $2,557,000 after acquiring an additional 11,622 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Bill.com by 17.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 36,710 shares of the company's stock valued at $4,035,000 after acquiring an additional 5,514 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Bill.com by 21.5% during the 2nd quarter. Arizona State Retirement System now owns 26,019 shares of the company's stock valued at $2,861,000 after acquiring an additional 4,609 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
About Bill.com
(Get Rating)
Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.
Further Reading
- Get a free copy of the StockNews.com research report on Bill.com (BILL)
- Use These To Find Your Stock's Support and Resistance Levels
- Is Boeing Stock is Ready for Lift-Off ?
- Elon Musk is Out, But Should You Be In Twitter Stock?
- 3 Earnings Announcements That Could Surprise
- Twitter's Up For Third Week In A Row: What's Next For The Stock?
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.