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

BILL (NYSE:BILL) had its price objective boosted by equities researchers at Canaccord Genuity Group from $75.00 to $77.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 51.78% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Robert W. Baird set a $50.00 target price on shares of BILL in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of BILL from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Oppenheimer boosted their price objective on shares of BILL from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of BILL in a research note on Friday. Finally, Evercore set a $42.00 price target on BILL in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.26.

BILL Stock Performance

Shares of BILL stock opened at $50.73 on Tuesday. BILL has a 12 month low of $35.46 and a 12 month high of $65.78. The company has a current ratio of 1.65, a quick ratio of 1.67 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.08 billion, a PE ratio of -211.38, a PEG ratio of 6.79 and a beta of 1.31. The stock’s fifty day simple moving average is $50.74 and its 200 day simple moving average is $49.04.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $414.67 million during the quarter, compared to the consensus estimate of $399.71 million. BILL had a positive return on equity of 1.70% and a negative net margin of 1.56%.The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. BILL has set its Q3 2026 guidance at 0.530-0.570 EPS and its FY 2026 guidance at 2.330-2.410 EPS. On average, research analysts predict that BILL will post 0.12 EPS for the current year.

Insider Activity

In related news, SVP Germaine Cota sold 1,104 shares of BILL stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $51.23, for a total value of $56,557.92. Following the sale, the senior vice president owned 10,812 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BILL. Jupiter Asset Management Ltd. bought a new stake in shares of BILL during the 4th quarter worth approximately $3,874,000. New Age Alpha Advisors LLC acquired a new position in BILL during the fourth quarter worth $373,000. Hantz Financial Services Inc. increased its holdings in BILL by 142.2% during the fourth quarter. Hantz Financial Services Inc. now owns 3,040 shares of the company’s stock worth $166,000 after buying an additional 1,785 shares during the last quarter. North Star Asset Management Inc. raised its position in BILL by 11.3% during the fourth quarter. North Star Asset Management Inc. now owns 8,490 shares of the company’s stock worth $463,000 after acquiring an additional 860 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in BILL in the fourth quarter valued at $927,000. 97.99% of the stock is currently owned by institutional investors.

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.