In a report released today, Josh Beck from KeyBanc maintained a Buy rating on Bill.com Holdings (BILL), with a price target of $165.00. The company’s shares closed last Thursday at $139.87, close to its 52-week high of $154.03.
According to TipRanks.com, Beck is a top 25 analyst with an average return of 40.6% and a 85.9% success rate. Beck covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Global Payments.
Currently, the analyst consensus on Bill.com Holdings is a Moderate Buy with an average price target of $152.00, an 8.7% upside from current levels. In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $175.00 price target.
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Based on Bill.com Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $46.21 million and GAAP net loss of $12.95 million. In comparison, last year the company earned revenue of $35.18 million and had a GAAP net loss of $5.7 million.
Based on the recent corporate insider activity of 128 insiders, corporate insider sentiment is neutral on the stock.
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Bill.com Holdings, Inc. is a holding company, which engages in the provision of cloud-based software solutions. It simplifies, digitizes, and automates complex back-office financial operations for SMBs. The firm’s software helps customers to generate and process invoices, streamline approvals, send and receive payments, sync with their accounting system, and manage their cash. The company was founded by Rene Lacertea in August 2, 2018 and is headquartered in Palo Alto, CA.
