5 Best Up and Coming Stocks To Invest In

3. Bill.com Holdings, Inc. (NYSE:BILL)

Number Of Hedge Fund Holders: 58

Bill.com Holdings, Inc. (NYSE:BILL) is a financial technology company that offers an AI-powered cloud software to simplify, digitize, and automate back-office financial operations for small and medium-sized businesses to optimize their payment systems.

JPMorgan analyst Tien-tsin Huang initiated coverage of Bill.com Holdings, Inc. (NYSE:BILL) with an Overweight rating and a $140 price target on May 20. According to Huang, the stock is off 67% from the November 2021 high, creating an opportunity to own what he calls a “bona fide growth stock with early-mover advantages and nascent cross-selling opportunities.”

Bill.com Holdings, Inc. (NYSE:BILL) reported its first quarter earnings on May 5, recording an EPS of -$0.08 which beat estimates by $0.08. Revenue stood at $166.9 million for the quarter, above estimates by $9 million and up 179% on a year-over-year basis.

According to Insider Monkey’s Q1 data, Bill.com Holdings, Inc. (NYSE:BILL) was part of 58 public hedge fund portfolios, down from 65 funds in the preceding quarter. Stephen Mandel’s Lone Pine Capital held a prominent stake in the company, consisting of 1.3 million shares worth $309.6 million.

Here is what Alger Mid Cap Focus Fund has to say about Bill.com Holdings, Inc. (NYSE:BILL) in its Q4 2021 investor letter:

“Bill.com Holdings, Inc., was among the top detractors from performance. Bill.com provides cloud-based software solutions that simplify, digitize, and automate complex back-office financial operations for small and medium size businesses. Its software helps customers to generate and process invoices, streamline approvals, send and receive payments, synchronize data with their accounting system and manage their cash.”