BILL (NYSE:BILL) Releases Q1 Earnings Guidance

BILL (NYSE:BILL) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.48-0.51 for the period, compared to the consensus earnings per share estimate of $0.51. The company issued revenue guidance of $346-351 million, compared to the consensus revenue estimate of $337.32 million. BILL also updated its FY25 guidance to $1.36-1.61 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BILL shares. Wells Fargo & Company decreased their target price on BILL from $60.00 to $45.00 and set an underweight rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price target on BILL from $70.00 to $60.00 and set a market perform rating on the stock in a research report on Monday, July 8th. William Blair restated a market perform rating on shares of BILL in a research report on Friday, May 3rd. Canaccord Genuity Group reissued a buy rating and set a $100.00 target price on shares of BILL in a research report on Friday, May 3rd. Finally, Susquehanna reaffirmed a positive rating and issued a $100.00 price objective on shares of BILL in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, BILL has an average rating of Moderate Buy and an average price target of $74.13.

BILL Stock Performance

Shares of BILL traded down $0.73 during trading hours on Thursday, hitting $50.74. The company’s stock had a trading volume of 2,826,545 shares, compared to its average volume of 1,938,612. The company has a market cap of $5.39 billion, a price-to-earnings ratio of -64.51 and a beta of 1.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. The business has a 50 day simple moving average of $50.17 and a two-hundred day simple moving average of $57.66. BILL has a 52-week low of $43.11 and a 52-week high of $119.32.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.59, for a total value of $33,120.78. Following the completion of the transaction, the senior vice president now directly owns 6,057 shares in the company, valued at $312,480.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the transaction, the insider now directly owns 9,126 shares in the company, valued at $470,901.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the completion of the sale, the senior vice president now directly owns 6,057 shares in the company, valued at $312,480.63. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

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.