Truist Securities Downgrades BILL Holdings to 'Hold'
Truist Securities has lowered its rating on BILL Holdings from 'buy' to 'hold' with a price target of $38.
Key Points
- Truist Securities downgraded BILL Holdings to 'hold' with a new price target of $38 on June 10, 2026.
- BILL Holdings, with a market cap of $3.3 billion, has a forward P/E ratio of 9.94 and a 52-week range of $31.52 to $57.21.
- Insiders at BILL Holdings have been active, with recent transactions including sales by executives and a purchase by the CEO.
Truist Securities has downgraded its rating on BILL Holdings, Inc. (NYSE: BILL) from 'buy' to 'hold.' Analyst Matthew Coad set a new price target of $38 for the company on June 10, 2026.
Other Institutional Activity in BILL Holdings
Among other institutional investors, BlackRock, Inc. increased its position in BILL Holdings by adding 318,995 shares, bringing its total to 8,357,143 shares valued at approximately $320.08 million. Wellington Management Group LLP also boosted its holdings by 976,067 shares, ending with 3,862,663 shares worth about $147.94 million. Meanwhile, ER Collective Holdings, LLC and Starboard Value LP maintained their positions without any changes.
BILL Holdings Stock Snapshot
Shares of BILL Holdings traded around $33.18. The company, which has a market cap of $3.3 billion, sports a forward P/E ratio of 9.94 and a beta of 1.179. Over the past year, the stock has ranged from a low of $31.52 to a high of $57.21, with a 50-day moving average of $37.50 and a 200-day moving average of $45.74. The company's current ratio stands at 1.661, while its quick ratio is 0.695, and it has a debt-to-equity ratio of 49.592.
Recent Earnings
In its most recent financial report, BILL Holdings reported revenue of approximately $1.6 billion, reflecting a growth rate of 13.5%. The company's net margin was nearly flat at 0.01%, with a return on equity of just 0.004%. The next earnings report is expected on August 26, 2026.
Insider Buying and Selling at BILL Holdings, Inc.
Recent insider activity at BILL Holdings includes several sales and one purchase. CEO Rene Lacerte acquired 31,286 shares on May 28, 2026. On the same day, Chief Technology Officer Kenneth Moss sold 13,031 shares, while EVP Mary Kay Bowman sold 6,976 shares at an average price of $34.85. Chief Product Officer Michael Cieri sold 32,875 shares on May 29, 2026, under a pre-planned Rule 10b5-1 trading plan.
Analysts Set New Price Targets
On June 10, 2026, Truist Securities downgraded BILL Holdings to a 'hold' rating with a $38 price target. Previously, on June 5, 2026, JP Morgan maintained its 'buy' rating on the stock with a $50 target. Overall, the analyst consensus rates the stock as a 'buy,' with a mean target price of $54.29 among 21 analysts.
About BILL Holdings
BILL Holdings, Inc. offers a financial operations platform aimed at small and midsize businesses worldwide. The company's software-as-a-service products help automate accounts payable and receivable transactions, manage cash flow, and improve back-office efficiency. Headquartered in San Jose, California, the company is led by CEO Rene A. Lacerte and employs over 2,300 people. BILL Holdings serves accounting firms, financial institutions, and software providers.
Bottom Line
Truist Securities' recent downgrade of BILL Holdings to 'hold' reflects a more cautious outlook, with a new price target set at $38. Investors keep a close eye on such analyst updates for insights into stock potential, though it's important to remember that these ratings are just one piece of the puzzle. As with all 13F filings and analyst reports, these insights are based on past performance and projections and may not reflect the current state of affairs.
See Also
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