Truist Financial Lowers BILL (NYSE:BILL) Price Target to $46.00

BILL (NYSE:BILL) had its price objective cut by investment analysts at Truist Financial from $59.00 to $46.00 in a report released on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 23.86% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of BILL from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Jefferies Financial Group restated a “buy” rating on shares of BILL in a research note on Friday, February 6th. Evercore set a $42.00 target price on BILL in a research report on Friday, February 6th. BTIG Research reaffirmed a “buy” rating and set a $60.00 price target on shares of BILL in a research note on Monday, February 2nd. Finally, Wall Street Zen upgraded BILL from a “hold” rating to a “buy” rating in a report on Friday, April 3rd. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Hold” and an average price target of $56.00.

BILL Stock Performance

Shares of BILL stock opened at $37.14 on Friday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of -154.75, a price-to-earnings-growth ratio of 4.17 and a beta of 1.32. BILL has a 52 week low of $34.44 and a 52 week high of $57.21. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $40.56 and a 200-day moving average of $46.75.

BILL (NYSE:BILL) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $414.67 million for the quarter, compared to the consensus estimate of $399.71 million. BILL had a negative net margin of 1.56% and a positive return on equity of 1.70%. BILL’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. On average, equities analysts forecast that BILL will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of BILL in the 4th quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in BILL by 972.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after purchasing an additional 486 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in BILL by 173.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares during the last quarter. CWM LLC increased its holdings in BILL by 1,000.0% during the 4th quarter. CWM LLC now owns 803 shares of the company’s stock worth $44,000 after purchasing an additional 730 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in BILL by 27.2% during the 4th quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock worth $68,000 after purchasing an additional 266 shares in 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.