BILL (NYSE:BILL) Given New $45.00 Price Target at Truist Financial

by · The Cerbat Gem

BILL (NYSE:BILL – Get Free Report) had its price target decreased by investment analysts at Truist Financial from $46.00 to $45.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 14.11% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Oppenheimer set a $55.00 price target on BILL and gave the company an “outperform” rating in a report on Friday, May 8th. Citigroup cut their target price on BILL from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of BILL from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC restated a “buy” rating and issued a $75.00 price target on shares of BILL in a research note on Friday, February 6th. Finally, BMO Capital Markets increased their price objective on shares of BILL from $43.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.80.

Read Our Latest Report on BILL

BILL Stock Up 2.4%

Shares of BILL stock traded up $0.92 on Tuesday, hitting $39.44. The stock had a trading volume of 612,781 shares, compared to its average volume of 2,596,577. The stock’s 50 day moving average is $39.05 and its 200-day moving average is $45.56. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -3,943.56, a P/E/G ratio of 2.12 and a beta of 1.22. BILL has a 52-week low of $34.44 and a 52-week high of $57.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. The firm had revenue of $406.56 million for the quarter, compared to the consensus estimate of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. As a group, research analysts expect that BILL will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BILL. ER Collective Holdings LLC bought a new stake in shares of BILL during the 4th quarter valued at about $464,588,000. Senvest Management LLC boosted its stake in BILL by 155.8% in the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock valued at $140,346,000 after acquiring an additional 1,567,186 shares during the period. Contour Asset Management LLC grew its holdings in shares of BILL by 45.5% during the fourth quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock valued at $256,914,000 after purchasing an additional 1,472,132 shares during the last quarter. Marshall Wace LLP raised its position in shares of BILL by 190.8% during the 3rd quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock worth $114,781,000 after purchasing an additional 1,421,785 shares during the period. Finally, Norges Bank bought a new stake in shares of BILL in the 4th quarter worth approximately $54,275,000. 97.99% of the stock is owned by institutional investors and hedge funds.

About BILL

(Get Free Report)

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.

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