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, a 11.03% upside from the current price.
Key Points
- Truist Securities downgraded BILL Holdings to 'hold' with a new price target of $38 on June 10, 2026.
- Truist Securities's $38 price target implies 11.03% upside from BILL Holdings, Inc.'s ($BILL) current $34.23 share price.
- 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.
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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, Inc. Stock Down 32.0%
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.
$BILL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
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.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 2 raises.
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EPS & revenue
EPS beat estimates by 19.8%. Revenue missed estimates by 0.8%.
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Profit surprise
EBITDA missed by 36 percent. Operating income missed by 71 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises, 3 target cuts.
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Earnings quality
Operating margin up 9.2 points. Negative free cash flow.
Earnings Call Summary
BILL delivered $358 million in core revenue in the first quarter, up 14 percent year over year and at the top of their guidance range. Operating profit hit $68 million, beating expectations by $10 million due to strong cost management. The company launched three major partnerships with NetSuite, Paychex, and Acumatica to embed payments into their platforms, launched a cash account product, and rolled out AI agents like an automated W-9 request tool that they say saves customers 80 percent of manual work. Management noted they cut 6 percent of staff to drive profitability while continuing to invest in artificial intelligence and upmarket customers.
Guidance For the full year, BILL expects core revenue between $1.46 billion and $1.49 billion, or about $1.475 billion in the middle. They also expect operating income between $257 million and $277 million, which is up from their prior guidance by $16 million. For the next quarter, they guide core revenue of $359 million to $369 million and earnings per share of 54 cents to 57 cents.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
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.
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