BILL's (BILL) Buy Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated a "buy" rating for BILL's stock, setting a price objective of $75.00, indicating a potential upside of 79.45% from its previous close.
• Despite Canaccord's positive stance, other analysts have issued mixed ratings, with Wells Fargo downgrading its rating and reducing its price target, while UBS and Oppenheimer increased their targets.
• BILL also announced a $300 million stock buyback program, signaling confidence in the company's undervalued stock amid a recent earnings report that exceeded expectations.

BILL (NYSE:BILL - Get Free Report)'s stock had its "buy" rating reiterated by Canaccord Genuity Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $75.00 price objective on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 79.45% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th. UBS Group upped their target price on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Robert W. Baird lowered their target price on shares of BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Morgan Stanley cut shares of BILL from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. Finally, Oppenheimer upped their target price on shares of BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.50.

BILL Stock Performance

Shares of BILL stock opened at $41.79 on Thursday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -348.25, a PEG ratio of 9.02 and a beta of 1.35. The firm's 50-day moving average is $44.02 and its 200 day moving average is $45.92. BILL has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. The company had revenue of $383.35 million for the quarter, compared to analysts' expectations of $376.43 million. BILL had a net margin of 2.70% and a return on equity of 1.21%. BILL's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Sell-side analysts anticipate that BILL will post 0.12 EPS for the current fiscal year.

BILL declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction of $73,100.90. Following the transaction, the senior vice president owned 9,512 shares of the company's stock, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total transaction of $80,545.00. Following the transaction, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On BILL

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in BILL during the fourth quarter valued at approximately $30,000. Fifth Third Bancorp grew its holdings in shares of BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Quarry LP grew its holdings in shares of BILL by 85.9% in the first quarter. Quarry LP now owns 766 shares of the company's stock valued at $35,000 after purchasing an additional 354 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock valued at $41,000 after purchasing an additional 377 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of BILL by 2,189.1% in the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after purchasing an additional 1,007 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.