BILL's (BILL) Buy Rating Reaffirmed at Needham & Company LLC

Key Points

• Needham & Company LLC has reaffirmed a "buy" rating for BILL, setting a price target of $75.00, indicating a potential upside of 79.45% from its previous close.
• Multiple analysts have adjusted their ratings on BILL stock recently, with Piper Sandler downgrading it to "neutral" and lowering the price target to $50.00, while Oppenheimer raised their price target to $55.00.
• BILL has initiated a $300 million share buyback plan, reflecting management's belief that the stock is undervalued and aiming to repurchase up to 7.2% of its shares.

BILL (NYSE:BILL - Get Free Report)'s stock had its "buy" rating reaffirmed by Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They presently have a $75.00 price target on the stock. Needham & Company LLC's target price indicates a potential upside of 79.45% from the company's previous close.

Several other brokerages also recently weighed in on BILL. Piper Sandler downgraded shares of BILL from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $70.00 to $50.00 in a report on Thursday. Oppenheimer raised their price target on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. BTIG Research assumed coverage on shares of BILL in a research report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target for the company. Citigroup reduced their price target on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Finally, Morgan Stanley lowered shares of BILL from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $60.00 to $55.00 in a research report on Wednesday, June 11th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $61.50.

BILL Stock Up 2.9%

BILL stock opened at $41.79 on Thursday. The firm has a 50 day moving average of $44.02 and a 200 day moving average of $45.92. The stock has a market capitalization of $4.31 billion, a PE ratio of -348.25, a price-to-earnings-growth ratio of 9.02 and a beta of 1.35. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. The company had revenue of $383.35 million during 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 for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the business earned $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 forecast that BILL will post 0.12 earnings per share for the current year.

BILL declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other BILL news, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the transaction, the insider directly owned 9,298 shares of the company's stock, valued at approximately $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Germaine Cota sold 1,718 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the transaction, the senior vice president directly 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 disclosure for this sale can be found here. Insiders own 4.20% of the company's stock.

Institutional Trading of BILL

Several institutional investors have recently bought and sold shares of BILL. Nomura Holdings Inc. grew its holdings in BILL by 7,753.6% in the second quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company's stock valued at $68,778,000 after purchasing an additional 1,467,831 shares during the period. Contour Asset Management LLC acquired a new stake in BILL in the first quarter valued at approximately $65,783,000. Dimensional Fund Advisors LP grew its holdings in BILL by 110.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after purchasing an additional 1,309,337 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in BILL by 133.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company's stock valued at $93,552,000 after purchasing an additional 1,165,398 shares during the period. Finally, Norges Bank acquired a new stake in BILL in the second quarter valued at approximately $52,908,000. 97.99% of the stock is 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.

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.