BILL Holdings Inc (BILL) Options

$BILL Really taking nose dive here.

The company has a strong track record of beating earnings expectations quarter after quarter. All eyes will be on August 17, when BILL will report yet another spectacular earnings report. Yes, you may believe the stock is overpriced, but Zacks gives it a 2 and recommends it. So I'll see in about three weeks.

I'm telling you the company is still way overpriced.

BILL will report financial results for its fourth quarter and fiscal year ended June 30, 2023, after market close on August 17, 2023. They will host a webcast to discuss the results.

Congrats and a Hat Tip

What is and isn’t the real economy.

Technology is revolutionizing business operations by automating financial operations. Bill.com Holdings, Inc. is a cloud-based software provider that simplifies back-office financial operations for small and midsize businesses. Aviva PLC recently increased its stake in shares of BILL Holdings, Inc. by 116.1% during the fourth quarter of the fiscal year. Aviva reported owning 0.09% of BILL worth $10,944,000 at the end of the most recent reporting period.

According to the company's most recent filing with the Securities & Exchange Commission, during the fourth quarter, Aviva PLC increased its holdings in BILL Holdings, Inc. by 116.1%. After acquiring an additional 53,963 shares over the course of the period, the firm now owned 100,440 shares of the company's stock. At the end of the most recent reporting period, Aviva PLC held approximately 0.09% of BILL, valued at $10,944,000.

According to Swiss National Bank's most recent Securities and Exchange Commission filing, during the fourth quarter it reduced its holdings in BILL Holdings, Inc. shares by 5.7%. After selling 23,200 shares of the company's stock during the time period, the firm now owned 383,500 of those shares. Swiss National Bank reported in its most recent Securities and Exchange Commission filing that it had a stake in BILL worth about 0.36%, or $41,786,000.

BILL Holdings, Inc.’s range within the last year saw its shares trade between modest lows starting at $68.30 and highs peaking around $218; it's respective three- and five-year performances indicate both significant upsides and downturns influenced by contemporary market volatility trends in SMB banking and technology sectors serving payer-payee networks operating as nimble business models becoming more omnipotent as time progresses, particularly with digital process acceleration aiming towards on-the-grid efficiencies emanating from modern technological advances.

Bill stock has been under pressure in a rising interest rate environment because the stock is expensive and the company is unprofitable on a GAAP basis. Bill does have a hedge on higher interest rates because the company collects interest on the funds it holds between collection and disbursement.

Shares of Bill.com have shed more than 55% of their value since the start of the year.
Due to Bill's exposure to SMB and mid-sized businesses, its sensitivity to the weakening macro environment. The company has noted that smaller businesses have started to slow their spending. Transactional revenue makes up two-thirds of Bill's business.
Given its declining valuation on top of relatively healthy profitability, however, Bill may be approaching a buy point.

Bill.com Holdings Inc (BILL) stock is trading at $130.42 as of 12:16 PM on Tuesday, Oct 18, a gain of $5.24, or 4.19% from the previous closing price of $125.18. The stock has traded between $127.59 and $136.46 so far today. Volume today is light. So far 774,544 shares have traded compared to average volume of 1,887,202 shares.

A High price target of $320 is getting close. could break it

https://www.tipranks.com/stocks/bill/forecast

My mama always told me never mess with low float. :)

Absolute monster stock from day 1

BILL Insider Sales


Bill.com John R Rettig CFO Sell 1,918 shares @ $118.86 $227,973.48 11/30/2020 $118.32


BILL
Bill.com Rene A Lacerte CEO Sell 5,113 shares @ $118.86 $607,731.18 11/30/2020 $118.3

$BILL.com Long Into Earnings

Potential long into earnings above $105.00
Upside targets $115 to Channel Mid point .
RSi has room to run.
MACD & Histogram bullish
Volume increasing.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.

Looks a little extended on the chart. Could end up being one of those evening doji stars. On my watchlist!

Canaccord Genuity began coverage on shares of Bill.com (NYSE:BILL) in a report released on Monday 01-06 2020, The Fly reports. The brokerage set a “hold” rating on the stock.

BILL has been the topic of several other reports. William Blair began coverage on Bill.com in a research note on Monday. They issued an “outperform” rating on the stock. Jefferies Financial Group began coverage on Bill.com in a research note on Monday. They issued a “hold” rating and a $40.00 price target on the stock. KeyCorp started coverage on Bill.com in a research note on Monday. They issued an “overweight” rating and a $45.00 price target on the stock. Goldman Sachs Group started coverage on Bill.com in a research note on Monday. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on Bill.com in a research note on Monday. They issued a “buy” rating and a $43.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bill.com currently has an average rating of “Buy” and an average target price of $41.60.
https://www.americanbankingnews.com/2020/01/06/canaccord-genuity-begins-coverage-on-bill-com-nysebill.html

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. It also offers onboarding implementation support, as well as ongoing support and training services. The company serves customers operating in the accounting and accounting software companies, and financial institutions. Bill.com Holdings, Inc. was founded in 2006 and is headquartered in Palo Alto, California.

https://www.marketbeat.com/stocks/NYSE/BILL/

$BILLFirst Mover Advantage

Bill enjoys a first-mover advantage in the SMB back-office financial automation category and it shows in its recent percentage, Goldman Sachs analyst Christopher Merwin wrote in a note. The company showed a 67% year-over-year revenue growth of 67% in 2019 while revenue rose by 57% year-over-year in the first quarter of 2020.

The company faces little direct competition as those who offer similar services target B2B payments among mid-market and enterprise companies, the analyst wrote. In fact, rivals are unlikely to look to compete against Bill directly as the SMB category is full of high churn and lower adoption.

Even if this thesis doesn't play, Bill established a "natural barrier to entry" given its extensive relationship with thousands of partner firms across accounting, financial institutions, and accounting software vendors, the analyst wrote.

BofA: Premium Valuation

Bill should be able to continue growing its core revenue (subscription and transaction revenue) at 30% or more through growing awareness and adoption of the company's cloud offering and electronic payment services, Bank of America analyst Brad Sills wrote. By 2021 total revenue is estimated to be $193.2 million and the stock should be valued at a multiple of 19 times.

The stock warrants a premium valuation versus the overall SaaS software group at 8.6 times 2020 revenue, the analyst wrote. The valuation is justified as the SaaS group as a whole is modeled to grow revenue at a slower rate in the mid-20s in the near-term.

Needham: Large Unaddressed Market
Bill's stock is a direct play not only on the growing electronic B2B payment space but as the sole company able to satisfy the needs of the underserved SMB market, Needham analyst Scott Berg wrote. Meanwhile, at most 25% of the estimated 6 million SMBs make use of electronic payment technologies today and this rate should grow to 100% over time.

Other larger companies are known to develop their own customized solutions as opposed to Bill who offers a platform-agnostic solution that integrates with leading accounting software packages, the analyst wrote.

KeyBanc: Risks To Follow

Bill boasts compelling unit economics and is led by "visionary" founder Rene Lacerte who recognized a compelling opportunity more than 10 years ago, KeyBanc Capital Markets analyst Josh Beck wrote. Nevertheless, there are five potential risks investors should keep in mind.

These include potential changes in the competitive environment, potential need for large balance of reserves to fund losses related to fraud, potential interruptions or delays from partners who process ACH, checks, cross-border, and virtual card payments, and potential deterioration in existing partnerships.

Ratings And Price Targets

Goldman Sachs initiated coverage at Neutral, $32 price target.
BofA initiated coverage at Buy, $48 price target.
Needham initiated at Buy, $43 price target.
KeyBanc initiated at Overweight, $45 price target.


Latest Ratings for BILL
Date Firm Action From To
Jan 2020 Initiates Coverage On Outperform
Jan 2020 Initiates Coverage On Hold
Jan 2020 Initiates Coverage On Buy
Date Research Firm Action Current PT
1/06/20 William Blair Initiates Coverage On Outperform
1/06/20 Canaccord Genuity Initiates Coverage On Hold 40.00
1/06/20 Bank of America Initiates Coverage On Buy 48.00
1/06/20 KeyBanc Initiates Coverage On Overweight 45.00
1/06/20 Needham Initiates Coverage On Buy 43.00
1/06/20 Jefferies Initiates Coverage On Hold 40.00
1/06/20 Goldman Sachs Initiates Coverage On Neutral 32.00