BTRS Holdings Inc. (NASDAQ:BTRS) Given Average Rating of “Moderate Buy” by Analysts

Shares of BTRS Holdings Inc. (NASDAQ:BTRSGet Rating) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.44.

Separately, KeyCorp dropped their price objective on BTRS from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, July 7th.

Insider Buying and Selling at BTRS

In other BTRS news, President Steven Pinado sold 13,151 shares of BTRS stock in a transaction on Monday, May 16th. The stock was sold at an average price of $4.74, for a total transaction of $62,335.74. Following the completion of the sale, the president now directly owns 508,150 shares of the company’s stock, valued at approximately $2,408,631. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Andrew J. Herning sold 5,496 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $4.93, for a total value of $27,095.28. Following the completion of the transaction, the senior vice president now directly owns 93,105 shares of the company’s stock, valued at approximately $459,007.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Steven Pinado sold 13,151 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $4.74, for a total value of $62,335.74. Following the completion of the transaction, the president now directly owns 508,150 shares of the company’s stock, valued at $2,408,631. The disclosure for this sale can be found here. Insiders sold a total of 19,956 shares of company stock valued at $95,636 in the last ninety days. Corporate insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Senvest Management LLC raised its position in shares of BTRS by 230.3% in the 4th quarter. Senvest Management LLC now owns 8,413,672 shares of the company’s stock worth $65,795,000 after acquiring an additional 5,866,172 shares in the last quarter. W Capital Management LLC bought a new position in shares of BTRS in the 4th quarter worth $57,976,000. BlackRock Inc. raised its position in shares of BTRS by 37.3% in the 1st quarter. BlackRock Inc. now owns 7,340,288 shares of the company’s stock worth $54,907,000 after acquiring an additional 1,992,661 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of BTRS by 3.6% in the 2nd quarter. TimesSquare Capital Management LLC now owns 4,748,343 shares of the company’s stock worth $23,647,000 after acquiring an additional 162,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in BTRS by 778.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,241,421 shares of the company’s stock valued at $25,348,000 after buying an additional 2,872,363 shares in the last quarter. 75.70% of the stock is owned by institutional investors.

BTRS Stock Up 0.4 %

BTRS opened at $6.80 on Monday. The business has a fifty day moving average of $5.29 and a 200 day moving average of $5.96. BTRS has a 52-week low of $3.95 and a 52-week high of $12.32. The stock has a market cap of $1.11 billion, a P/E ratio of -16.19 and a beta of 0.66.

BTRS (NASDAQ:BTRSGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). BTRS had a negative net margin of 39.64% and a negative return on equity of 16.50%. The business had revenue of $37.05 million for the quarter, compared to analysts’ expectations of $37.63 million. Equities analysts anticipate that BTRS will post -0.39 EPS for the current fiscal year.

BTRS Company Profile

(Get Rating)

BTRS Holdings Inc provides cloud-based software and integrated payment processing solutions that automates business-to-business (B2B) commerce worldwide. The company operates in two segments, Print, and Software and Payments. The company offers solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections.

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Analyst Recommendations for BTRS (NASDAQ:BTRS)

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