BILL (NYSE:BILL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded BILL from “hold” to “buy,” although the broader analyst consensus remains “hold” with a $57.55 target price.
• BILL reported quarterly EPS of $0.84, beating estimates of $0.71, while revenue rose 13.8% year over year to $436.19 million and exceeded expectations.
• The stock opened at $47.69, up 0.6%, and institutional investors own approximately 97.99% of BILL’s outstanding shares.

BILL (NYSE:BILL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of BILL in a research note on Monday. Jefferies Financial Group increased their price objective on shares of BILL from $50.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday. Oppenheimer set a $55.00 target price on shares of BILL and gave the stock an "outperform" rating in a research note on Friday, May 8th. BMO Capital Markets upped their price target on shares of BILL from $46.00 to $55.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, Robert W. Baird raised their price target on shares of BILL from $50.00 to $54.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BILL currently has a consensus rating of "Hold" and a consensus target price of $57.55.

BILL Stock Up 0.6%

Shares of BILL stock opened at $47.69 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.66. BILL has a 1 year low of $31.41 and a 1 year high of $57.21. The firm's 50-day moving average is $42.32 and its two-hundred day moving average is $40.63. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -366.85, a PEG ratio of 1.07 and a beta of 1.13.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. BILL had a positive return on equity of 3.74% and a negative net margin of 0.68%.The business had revenue of $436.19 million for the quarter, compared to analysts' expectations of $430.55 million. During the same quarter last year, the firm earned $0.53 EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. As a group, research analysts expect that BILL will post 1.48 earnings per share for the current fiscal year.

Institutional Trading of BILL

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in BILL by 50.3% in the 1st quarter. Empowered Funds LLC now owns 8,002 shares of the company's stock valued at $367,000 after purchasing an additional 2,678 shares during the last quarter. Prudential Financial Inc. boosted its stake in BILL by 19.6% during the 2nd quarter. Prudential Financial Inc. now owns 9,992 shares of the company's stock worth $462,000 after purchasing an additional 1,637 shares during the last quarter. California Public Employees Retirement System boosted its stake in BILL by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company's stock worth $7,748,000 after purchasing an additional 3,602 shares during the last quarter. AXA S.A. boosted its stake in BILL by 121.7% during the 2nd quarter. AXA S.A. now owns 58,346 shares of the company's stock worth $2,699,000 after purchasing an additional 32,024 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of BILL during the second quarter worth $1,624,000. 97.99% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source