Mark L. Shifke Purchases 28,435 Shares of BTRS Holdings Inc. (NASDAQ:BTRS) Stock

BTRS Holdings Inc. (NASDAQ:BTRS) CFO Mark L. Shifke purchased 28,435 shares of the firm’s stock in a transaction on Monday, September 13th. The stock was bought at an average price of $10.13 per share, for a total transaction of $288,046.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ BTRS traded down $0.15 during trading hours on Tuesday, reaching $9.93. The company’s stock had a trading volume of 540,411 shares, compared to its average volume of 882,724. The firm has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $13.71. The stock has a market cap of $1.57 billion, a P/E ratio of -14.60 and a beta of 0.30. BTRS Holdings Inc. has a 52 week low of $9.83 and a 52 week high of $19.76.

BTRS (NASDAQ:BTRS) last released its quarterly earnings results on Tuesday, August 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $31.59 million for the quarter, compared to the consensus estimate of $30.47 million. On average, sell-side analysts expect that BTRS Holdings Inc. will post -0.32 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of BTRS. Quantbot Technologies LP purchased a new position in BTRS during the 1st quarter worth $26,000. Advisor Group Holdings Inc. raised its stake in BTRS by 569.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,932 shares of the company’s stock valued at $38,000 after acquiring an additional 2,494 shares during the period. Ameritas Investment Partners Inc. bought a new stake in BTRS in the 2nd quarter valued at about $47,000. Advisory Services Network LLC bought a new stake in BTRS in the 2nd quarter valued at about $90,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BTRS during the second quarter valued at about $101,000. 59.76% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Bank of America assumed coverage on shares of BTRS in a research note on Tuesday, August 24th. They issued a “buy” rating and a $13.00 target price for the company. Canaccord Genuity dropped their price target on shares of BTRS from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, August 12th. They noted that the move was a valuation call. KeyCorp decreased their price objective on shares of BTRS from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, August 12th. Finally, Zacks Investment Research upgraded shares of BTRS from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, September 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $17.25.

About BTRS

BTRS Holdings Inc provides cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. It offers solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections. These solutions integrate with various ecosystem players, including financial institutions, enterprise resource planning systems, and accounts payable software platforms, to help customers to transition from paper invoicing and check acceptance to electronic billing and payments.

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