On Jan. 04, Rettig John R. divested U.S. $2,078,821 in shares of Bill.com Holdings Inc.. The CFO sold 15,000 shares at a price per share of $138.59. The transaction decreased this specific insider’s holdings to 60,000 shares worth around $7.74 million at present.
Wolfe Research launched its Bill.com Holdings Inc. [BILL] rating to the equivalent of an Outperform and assigned the price target of $170, in a research note dated December 04, 2020. That figure represents around a 24.14% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with Wolfe Research’s analysts assigning the shares to “an Outperform” rating in a research note to investors issued in early December. Meanwhile, Guggenheim had launched its coverage on BILL with “Buy”, in a research note produced for clients October 06, 2020. In addition, there was a new coverage from BTIG Research on October 06, 2020. The research firm rated BILL “a Buy”.
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Is Bill.com Holdings Inc. [NYSE:BILL] a Good Buy Right Now?
It should be noted that BILL technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Bill.com Holdings Inc.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 1.4 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 1.32 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.46 million shares.
BILL Price Performance
On Wall Street, Bill.com Holdings Inc. [NYSE:BILL] finished Wednesday’s session down -7.61% at $128.97. The stock went up to $137.05 at the same session while its lowest single day price was $127.38. In the last five days, it saw a fall of about -6.98%, Bill.com Holdings Inc. shares dropped by almost -5.52% since the beginning of the year. However, the share price has dropped to as low as -16.27% below its one year high. On 01/04/21, the company shares recorded $146.24, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $127.38. The company’s shares have inclined by 253.15% in the past year. The 50-day SMA achieved is $121.28 while the 200-day SMA is $90.34. Volume gained to 2.22 million from 1.24 million in the previous session.
Bill.com Holdings Inc. [BILL] Valuation Measures
Notably, Bill.com Holdings Inc. [BILL] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 62.43 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.93.
BILL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 125.22 level, and in case of violation of this particular level, it will cause more drop to 121.46 level. On the upper level, 140.80 is still the key resistance. The stock may increase to the subsequent resistance at 134.89. The Relative Strength Index (RSI) pinned on the 14-day chart is 44.06, implying a neutral technical stance while the MACD stands at -7.22, meaning price will decrease in the next trading period. Percent R indicator moved to 94.03%, implying bearish price movement. Stochastic %K at 17.91% suggest buying the stock.
What is the short interest in Bill.com Holdings Inc.?
Short interest in the Bill.com Holdings Inc. stock has plunged, decreasing by -1.02 million shares to total 3.85 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.83 million, data from Yahoo Finance shows. The increase of 26.49% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 6.13% of the overall float for the stock.
Bill.com Holdings Inc.’s Biggest Shareholders: Who Owns Bill.com Holdings Inc. [BILL]?
Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 10,188,088 shares or roughly 12.96% of the outstanding BILL shares. This means their shares have increased by 7,634,197 from the 10,188,088 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Kayne Anderson Rudnick Investment updated stake is worth $740,610,192. Details in the latest 13F filings reveal that Temasek Holdings Pte Ltd. disposed off their 0.00% stake valued at $681,782,896 while The Vanguard Group, Inc. added theirs at $575,819,497. During the last quarter, Temasek Holdings Pte Ltd. liquidated 0 of its shares in Bill.com Holdings Inc. while The Vanguard Group, Inc. bought 1,093,939 shares. The Franklin Advisers, Inc.’s holdings currently number 4,598,756 shares at $593101561.32. According to the firm’s last 13F report, Whale Rock Capital Management LLC shares in the company at filing stood at 3,646,821 shares, roughly $447,501,405.
BILL Earnings Forecast For The Current Quarter
Bill.com Holdings Inc. [BILL] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $47.07M and an earnings per share of -$0.08 for Dec 2020. Looking further ahead, the company is expected to report revenue of $49.41M at an EPS of -$0.07 for Mar 2021. The estimates represent upside of 28.90% and 28.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
BILL Earnings Estimates For The Current Year
For the financial year, Bill.com Holdings Inc. [NYSE:BILL] is expected to bring in revenue of $195.31M. The returns are nearly $37.71 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at -0.25, lower than that of FY20 by -$0.08. Estimates put this year’s earnings growth at -47.10%, 28.00% for the next, and at an annual 30.00% over the next 5-year period. As for sales, forecasts are for an increase of 23.90% in the current fiscal year and a further 28.90% over the following year.
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What are analyst thoughts on Bill.com Holdings Inc.?
Looking forward to the Bill.com Holdings Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Bill.com Holdings Inc. stock at $122.50 within the next 12 months, which represents almost -5.28 per cent growth from its previous closing price of $128.97. The highest analysts’ target for Bill.com Holdings Inc. stock projections is $170.00 and the lowest one is $100.00. Still, 13 analysts sharing their consensus rating for BILL stock in 2021 agree that it is an Overweight.
