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Fly News Breaks for January 6, 2020
BILL
Jan 6, 2020 | 09:01 EDT
Canaccord analyst Richard Davis initiated coverage of Bill.com with a Hold rating based on valuation. The analyst believes Bill.com has the potential to become the next vertical SaaS pedestal company and they have a long way to go before it risks hitting a TAM ceiling. He said its execution could mean 40% revenue growth for the next three years with it breaking even by 2023. Davis has a $40 price target on Bill.com shares.
News For BILL From the Last 2 Days
BILL
Apr 23, 2024 | 10:56 EDT
Bearish flow noted in Bill.com Holdings with 3,118 puts trading, or 5x expected. Most active are Jun-24 45 puts and 4/26 weekly 68 calls, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.56, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.