Needham & Company LLC Begins Coverage on Bill.com (NYSE:BILL)

Needham & Company LLC assumed coverage on shares of Bill.com (NYSE:BILL) in a research report report published on Monday, January 6th, BenzingaRatingsTable reports. The firm issued a buy rating and a $43.00 price target on the stock.

Several other research firms have also recently issued reports on BILL. KeyCorp began coverage on Bill.com in a research note on Monday, January 6th. They issued an overweight rating and a $45.00 price target for the company. William Blair started coverage on shares of Bill.com in a research report on Monday, January 6th. They issued an outperform rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bill.com presently has an average rating of Buy and a consensus price target of $41.33.

Shares of Bill.com stock traded up $0.20 during trading on Monday, hitting $40.31. 17,428 shares of the stock were exchanged, compared to its average volume of 450,392. Bill.com has a 12 month low of $34.60 and a 12 month high of $42.50.

An institutional investor recently bought a new position in Bill.com stock. Hennessy Advisors Inc. acquired a new stake in shares of Bill.com Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $571,000.

Bill.com Company Profile

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.

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