JPMorgan Chase & Co. Cuts BILL (NYSE:BILL) Price Target to $50.00

BILL (NYSE:BILL) had its price objective reduced by JPMorgan Chase & Co. from $60.00 to $50.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 38.95% from the stock’s current price.

BILL has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price target on BILL from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Truist Financial dropped their price target on BILL from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Zacks Research raised shares of BILL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BILL from $42.00 to $49.00 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.30.

BILL Trading Up 0.1%

Shares of BILL stock traded up $0.03 during trading on Friday, reaching $35.99. The company’s stock had a trading volume of 259,251 shares, compared to its average volume of 2,647,948. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. BILL has a 52-week low of $34.35 and a 52-week high of $57.21. The firm’s 50-day moving average is $37.90 and its two-hundred day moving average is $44.49. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -3,597.90, a PEG ratio of 1.33 and a beta of 1.20.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The firm had revenue of $406.56 million for the quarter, compared to the consensus estimate of $403.76 million. BILL had a return on equity of 2.40% and a net margin of 0.01%.The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. 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, sell-side analysts anticipate that BILL will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On BILL

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in BILL by 3.5% in the third 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. ING Groep NV purchased a new stake in shares of BILL in the third quarter worth $26,485,000. WINTON GROUP Ltd bought a new position in shares of BILL during the third quarter valued at $7,298,000. Barington Companies Management LLC bought a new position in shares of BILL during the third quarter valued at $3,443,000. Finally, Assenagon Asset Management S.A. raised its position in shares of BILL by 1,237.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 643,045 shares of the company’s stock worth $35,072,000 after purchasing an additional 594,974 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

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.