Analysts Set BTRS Holdings Inc. (NASDAQ:BTRS) Target Price at $11.67

BTRS Holdings Inc. (NASDAQ:BTRS – Get Rating) has received an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.67.

Several equities research analysts recently issued reports on BTRS shares. JPMorgan Chase & Co. dropped their price objective on BTRS from $15.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, March 2nd. Canaccord Genuity Group dropped their price objective on BTRS from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Zacks Investment Research lowered BTRS from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Canaccord Genuity Group dropped their price objective on BTRS from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Finally, Citigroup lifted their price objective on BTRS from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, March 18th.

In other news, President Steven Pinado sold 13,151 shares of the business’s stock in a transaction dated 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 sale, the president now owns 508,150 shares of the company’s stock, valued at approximately $2,408,631. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew J. Herning sold 5,000 shares of the business’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $6.98, for a total value of $34,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,460 shares of company stock valued at $103,440.

Large investors have recently made changes to their positions in the stock. ProShare Advisors LLC purchased a new position in BTRS during the 4th quarter valued at about $112,000. Franklin Resources Inc. grew its holdings in shares of BTRS by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,625,719 shares of the company’s stock worth $81,138,000 after acquiring an additional 269,634 shares during the period. Renaissance Technologies LLC grew its holdings in shares of BTRS by 1,274.3% during the 3rd quarter. Renaissance Technologies LLC now owns 283,100 shares of the company’s stock worth $3,012,000 after acquiring an additional 262,500 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of BTRS during the 3rd quarter worth approximately $224,000. Finally, Swiss National Bank grew its holdings in shares of BTRS by 12.6% during the 4th quarter. Swiss National Bank now owns 151,400 shares of the company’s stock worth $1,184,000 after acquiring an additional 16,900 shares during the period. Institutional investors own 75.70% of the company’s stock.

Shares of NASDAQ BTRS opened at $5.25 on Wednesday. The stock has a market cap of $857.92 million, a PE ratio of -12.50 and a beta of 0.49. BTRS has a fifty-two week low of $3.95 and a fifty-two week high of $15.90. The stock has a fifty day moving average of $6.41 and a 200-day moving average of $6.80.

BTRS (NASDAQ:BTRS – Get Rating) last announced its quarterly earnings results on Tuesday, March 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $34.13 million during the quarter, compared to analysts’ expectations of $32.77 million. BTRS had a negative net margin of 39.64% and a negative return on equity of 16.50%. During the same quarter last year, the firm posted ($0.61) earnings per share. Analysts predict that BTRS will post -0.32 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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