BILL (NYSE:BILL) Reaches New 52-Week Low – Here’s What Happened

BILL Holdings, Inc. (NYSE:BILL)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $34.29 and last traded at $35.2860, with a volume of 178474 shares traded. The stock had previously closed at $35.14.

BILL News Roundup

Here are the key news stories impacting BILL this week:

• Negative Sentiment: Truist Financial cut BILL from buy to hold and lowered its price target to $35 from $45, signaling less confidence in upside from current levels. Benzinga coverage
• Neutral Sentiment: Recent U.S. House votes on immigration funding and union-related legislation are driving market news, but they do not appear to have a direct operational impact on BILL Holdings. NPR article
• Neutral Sentiment: The company is already trading near its 52-week low, so the downgrade may reinforce investor caution around the stock’s valuation and growth expectations.

Analysts Set New Price Targets

A number of analysts have issued reports on BILL shares. Zacks Research upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group boosted their price target on shares of BILL from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Oppenheimer set a $55.00 price target on shares of BILL and gave the stock an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised BILL from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.80.

BILL Stock Down 5.0%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -3,236.56, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. The business has a 50-day simple moving average of $37.64 and a 200-day simple moving average of $44.10.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating 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 return on equity of 2.40% and a net margin of 0.01%.BILL’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. 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, equities analysts anticipate that BILL Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

A number of hedge funds have recently bought and sold shares of BILL. Vanguard Group Inc. boosted its position in shares of BILL by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,843,612 shares of the company’s stock worth $574,386,000 after acquiring an additional 371,265 shares in the last quarter. ER Collective Holdings LLC acquired a new position in shares of BILL during the 4th quarter worth about $464,588,000. Contour Asset Management LLC boosted its position in shares of BILL by 45.5% during the 4th quarter. Contour Asset Management LLC now owns 4,710,570 shares of the company’s stock worth $256,914,000 after acquiring an additional 1,472,132 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BILL by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,090,741 shares of the company’s stock worth $118,366,000 after acquiring an additional 126,427 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in BILL by 36.5% during the fourth quarter. Marshall Wace LLP now owns 2,958,096 shares of the company’s stock worth $161,335,000 after purchasing an additional 791,197 shares in the last quarter. 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.