BILL (NYSE:BILL) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of BILL (NYSE:BILL) from a buy rating to a hold rating in a report published on Tuesday morning.

Other equities analysts have also recently issued reports about the company. Truist Financial set a $59.00 price objective on BILL in a research report on Tuesday, February 10th. Canaccord Genuity Group lifted their target price on BILL from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings restated a “sell (d+)” rating on shares of BILL in a research note on Monday, December 29th. BTIG Research reaffirmed a “buy” rating and set a $60.00 price target on shares of BILL in a report on Monday, February 2nd. Finally, Evercore set a $42.00 price objective on BILL in a research report on Friday, February 6th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.95.

BILL Stock Down 3.7%

NYSE:BILL opened at $39.67 on Tuesday. The firm has a market cap of $3.93 billion, a P/E ratio of -165.27, a P/E/G ratio of 4.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.65 and a current ratio of 1.65. BILL has a fifty-two week low of $35.46 and a fifty-two week high of $57.21. The firm has a 50-day simple moving average of $46.24 and a two-hundred day simple moving average of $49.36.

BILL (NYSE:BILL) last issued its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. BILL had a negative net margin of 1.56% and a positive return on equity of 1.70%. The firm had revenue of $414.67 million for the quarter, compared to the consensus estimate of $399.71 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. Analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of institutional investors and hedge funds have recently modified their holdings of BILL. Empowered Funds LLC lifted its holdings in BILL by 50.3% in the first quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock valued at $367,000 after acquiring an additional 2,678 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of BILL by 81.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,015 shares of the company’s stock valued at $186,000 after purchasing an additional 1,799 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of BILL during the 2nd quarter valued at about $217,000. Jupiter Asset Management Ltd. lifted its stake in shares of BILL by 137.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 507,613 shares of the company’s stock worth $23,482,000 after purchasing an additional 294,084 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of BILL in the 2nd quarter worth approximately $1,543,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.