Bill.com Holdings (BILL) Receives a Rating Update from a Top Analyst

Canaccord Genuity analyst David Hynes maintained a Hold rating on Bill.com Holdings (BILLResearch Report) today and set a price target of $105.00. The company’s shares closed last Thursday at $110.88, close to its 52-week high of $120.77.

According to TipRanks.com, Hynes is a top 100 analyst with an average return of 33.0% and a 75.8% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, BigCommerce Holdings, and Slack Technologies.

Currently, the analyst consensus on Bill.com Holdings is a Moderate Buy with an average price target of $118.00.

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The company has a one-year high of $120.77 and a one-year low of $23.61. Currently, Bill.com Holdings has an average volume of 1.43M.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BILL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.