Canaccord Genuity Group Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price objective hoisted by Canaccord Genuity Group from $75.00 to $77.00 in a report published on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of BILL in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of BILL from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Susquehanna reduced their price objective on shares of BILL from $89.00 to $84.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Evercore ISI set a $42.00 target price on shares of BILL in a research report on Friday. Finally, Citigroup lowered their target price on shares of BILL from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $56.30.

BILL Price Performance

NYSE BILL opened at $50.64 on Tuesday. The company has a market cap of $5.01 billion, a PE ratio of -211.00, a P/E/G ratio of 7.05 and a beta of 1.30. The firm’s 50 day moving average price is $50.75 and its 200-day moving average price is $49.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.67 and a current ratio of 1.65. BILL has a 52-week low of $35.46 and a 52-week high of $65.75.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. BILL had a positive return on equity of 1.70% and a negative net margin of 1.56%.The company had revenue of $414.67 million during the quarter, compared to analyst estimates of $399.71 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. BILL’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. Sell-side analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, SVP Germaine Cota sold 1,104 shares of BILL stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $51.23, for a total transaction of $56,557.92. Following the completion of the sale, the senior vice president directly owned 10,812 shares in the company, valued at approximately $553,898.76. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.20% of the company’s stock.

Institutional Trading of BILL

Several large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of BILL in the fourth quarter worth about $54,275,000. Eurizon Capital SGR S.p.A. purchased a new position in BILL during the 4th quarter worth approximately $70,000. Jupiter Asset Management Ltd. acquired a new stake in BILL during the 4th quarter valued at approximately $3,874,000. New Age Alpha Advisors LLC purchased a new stake in shares of BILL in the 4th quarter valued at $373,000. Finally, Hantz Financial Services Inc. increased its stake in shares of BILL by 142.2% in the fourth quarter. Hantz Financial Services Inc. now owns 3,040 shares of the company’s stock worth $166,000 after acquiring an additional 1,785 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Company Profile

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.