BILL (NYSE:BILL) Sets New 52-Week Low – What’s Next?

BILL Holdings, Inc. (NYSE:BILL)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.35 and last traded at $34.8850, with a volume of 185102 shares changing hands. The stock had previously closed at $34.90.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BILL shares. Wall Street Zen downgraded shares of BILL from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of BILL in a report on Friday, February 6th. BTIG Research reaffirmed a “buy” rating and set a $60.00 target price on shares of BILL in a report on Monday, February 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of BILL in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.80.

BILL Stock Up 1.2%

The company has a market capitalization of $3.52 billion, a P/E ratio of -3,524.48, a PEG ratio of 1.37 and a beta of 1.22. 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 50 day moving average price of $38.39 and a 200 day moving average price of $45.06.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The company had revenue of $406.56 million for the quarter, compared to analyst estimates of $403.76 million. BILL had a net margin of 0.01% and a return on equity of 2.40%. BILL’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. BILL has set its FY 2026 guidance at 2.610-2.640 EPS and its Q4 2026 guidance at 0.690-0.720 EPS. On average, research analysts anticipate that BILL Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. ER Collective Holdings LLC acquired a new position in shares of BILL during the fourth quarter valued at about $464,588,000. Senvest Management LLC raised its holdings in shares of BILL by 155.8% during the fourth quarter. Senvest Management LLC now owns 2,573,261 shares of the company’s stock valued at $140,346,000 after purchasing an additional 1,567,186 shares during the period. Contour Asset Management LLC raised 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 period. Marshall Wace LLP raised its holdings in shares of BILL by 190.8% during the third quarter. Marshall Wace LLP now owns 2,166,899 shares of the company’s stock valued at $114,781,000 after purchasing an additional 1,421,785 shares during the period. Finally, Norges Bank acquired a new position in shares of BILL during the fourth quarter valued at about $54,275,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.