BTRS Holdings Inc. (NASDAQ:BTRS – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.47 and last traded at $9.45, with a volume of 1702487 shares changing hands. The stock had previously closed at $9.46.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on BTRS shares. Needham & Company LLC downgraded BTRS from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. KeyCorp increased their target price on BTRS from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Wednesday, August 10th. Citigroup downgraded BTRS from a “buy” rating to a “neutral” rating and lowered their target price for the company from $11.00 to $9.50 in a report on Friday, September 30th. Finally, William Blair downgraded BTRS to a “market perform” rating in a report on Thursday, October 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.64.
BTRS Stock Down 0.1 %
The business has a fifty day simple moving average of $8.64 and a two-hundred day simple moving average of $6.75. The company has a market cap of $1.56 billion, a P/E ratio of -18.90 and a beta of 0.25.
Insider Transactions at BTRS
Institutional Trading of BTRS
Several institutional investors have recently made changes to their positions in BTRS. Truist Financial Corp grew its position in shares of BTRS by 35.6% during the first quarter. Truist Financial Corp now owns 31,837 shares of the company’s stock worth $238,000 after purchasing an additional 8,351 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of BTRS during the first quarter worth about $27,000. SG Americas Securities LLC grew its position in shares of BTRS by 35.3% during the first quarter. SG Americas Securities LLC now owns 15,359 shares of the company’s stock worth $115,000 after purchasing an additional 4,011 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of BTRS by 35.8% during the first quarter. Envestnet Asset Management Inc. now owns 53,647 shares of the company’s stock worth $401,000 after purchasing an additional 14,133 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of BTRS during the first quarter worth about $80,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.
BTRS Company Profile
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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