5 Best Falling Stocks To Buy Now

In this article, we will look at the 5 best falling stocks to buy now. If you want to explore similar stocks, you can go to 14 Best Falling Stocks To Buy Now.

5. Bill.com Holdings, Inc. (NYSE:BILL)

6-month Decline as of March 14: 53.24% 

Number of Hedge Fund Holders: 58

On February 2, Bill.com Holdings, Inc. (NYSE:BILL) posted earnings for the fiscal second quarter of 2023. The company reported an EPS of $0.42 and outperformed EPS estimates by $0.28. The company generated a revenue of $260.01 million, up 66.16% year over year and ahead of market expectations by $17 million. As of March 14, Bill.com Holdings, Inc. (NYSE:BILL) has crashed 53.24% over the past 6 months.

This March, Citi revised its price target on Bill.com Holdings, Inc. (NYSE:BILL) to $108 from $131 and maintained a Buy rating on the shares.

At the end of Q4 2022, 58 hedge funds were long Bill.com Holdings, Inc. (NYSE:BILL) and disclosed positions worth $1.15 billion in the company. As of December 31, Alkeon Capital Management is the top investor in the company and has a stake worth $215.4 million. Bill.com Holdings, Inc. (NYSE:BILL) is placed fifth among the best fallings stocks to buy now.

Here is what TimesSquare Capital Management had to say about Bill.com Holdings, Inc. (NYSE:BILL) in its Q3 2022 investor letter:

“Bill.com Holdings, Inc. (NYSE:BILL) offers cloud-based software that simplifies, digitizes, and automates back-office functions for small and mid-sized businesses. The company has indicated that customer spending softened a bit in recent months and that has been factored into forward guidance. We decided to sell out of the position, which had declined by -20% while it was held in the quarter.”