BILL (NYSE:BILL) Sets New 1-Year Low – Here’s Why
by Jessica Moore · The Cerbat GemBILL Holdings, Inc. (NYSE:BILL – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $34.29 and last traded at $35.2860, with a volume of 178474 shares trading hands. The stock had previously closed at $35.14.
Wall Street Analyst Weigh In
Several analysts recently issued reports on BILL shares. Morgan Stanley set a $55.00 price objective on shares of BILL in a research note on Friday, May 8th. Canaccord Genuity Group boosted their target price on shares of BILL from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. The Goldman Sachs Group boosted their target price on shares of BILL from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, May 11th. Robert W. Baird boosted their target price on shares of BILL from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of BILL from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.30.
Check Out Our Latest Analysis on BILL
BILL Stock Performance
The firm’s fifty day moving average price is $37.80 and its 200 day moving average price is $44.31. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -3,346.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20.
BILL (NYSE:BILL – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. BILL had a net margin of 0.01% and a return on equity of 2.40%. The firm had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. During the same period in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. Analysts forecast that BILL Holdings, Inc. will post 0.88 EPS for the current fiscal year.
Hedge Funds Weigh In On BILL
Several large investors have recently made changes to their positions in BILL. Caitong International Asset Management Co. Ltd lifted its holdings in shares of BILL by 972.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after acquiring an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of BILL in the 4th quarter worth approximately $28,000. State of Wyoming acquired a new position in shares of BILL in the 1st quarter worth approximately $32,000. Rockefeller Capital Management L.P. lifted its holdings in shares of BILL by 173.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock worth $39,000 after acquiring an additional 452 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of BILL by 1,000.0% in the 4th quarter. CWM LLC now owns 803 shares of the company’s stock worth $44,000 after acquiring an additional 730 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.
About BILL
BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management 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, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services.