BILL (NYSE:BILL) Hits New 12-Month Low – Here’s What Happened

Shares of BILL Holdings, Inc. (NYSE:BILL) 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.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group lifted their price objective on shares of BILL from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Zacks Research upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial lowered their price objective on shares of BILL from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. BMO Capital Markets lifted their price objective on shares of BILL from $43.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Finally, Morgan Stanley set a $55.00 price objective on shares of BILL in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average target price of $56.30.

BILL Stock Performance

The business’s 50-day simple moving average is $37.80 and its two-hundred day simple moving average is $44.31. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -3,346.35, a P/E/G ratio of 1.36 and a beta of 1.20. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $406.56 million during 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 company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, sell-side analysts expect that BILL Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of BILL

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in BILL by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,843,612 shares of the company’s stock valued at $574,386,000 after acquiring an additional 371,265 shares in the last quarter. ING Groep NV purchased a new stake in BILL during the 3rd quarter valued at about $26,485,000. WINTON GROUP Ltd purchased a new stake in BILL during the 3rd quarter valued at about $7,298,000. Barington Companies Management LLC purchased a new stake in BILL during the 3rd quarter valued at about $3,443,000. Finally, Assenagon Asset Management S.A. grew its stake in BILL by 1,237.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 643,045 shares of the company’s stock valued at $35,072,000 after acquiring an additional 594,974 shares in the last quarter. Hedge funds and other institutional investors 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.