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

BTRS Holdings Inc. (NASDAQ:BTRS) CFO Mark L. Shifke bought 28,435 shares of the business’s stock in a transaction dated Monday, September 13th. The shares were purchased at an average cost of $10.13 per share, with a total value of $288,046.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BTRS stock opened at $9.93 on Wednesday. The company has a market capitalization of $1.57 billion, a P/E ratio of -14.60 and a beta of 0.30. BTRS Holdings Inc. has a twelve month low of $9.83 and a twelve month high of $19.76. The business has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $13.67.

BTRS (NASDAQ:BTRS) last posted its quarterly earnings data on Tuesday, August 10th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $31.59 million during the quarter, compared to analyst estimates of $30.47 million. On average, equities research analysts expect that BTRS Holdings Inc. will post -0.32 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of BTRS in the first quarter valued at approximately $3,372,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BTRS in the first quarter valued at approximately $397,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of BTRS during the first quarter worth approximately $12,099,000. Artisan Partners Limited Partnership purchased a new stake in shares of BTRS during the first quarter worth approximately $23,904,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of BTRS during the first quarter worth approximately $315,000. 59.76% of the stock is owned by institutional investors and hedge funds.

BTRS has been the topic of several recent research reports. Bank of America began coverage on shares of BTRS in a research note on Tuesday, August 24th. They set a “buy” rating and a $13.00 target price on the stock. Zacks Investment Research upgraded shares of BTRS from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, September 9th. Canaccord Genuity cut their price target on shares of BTRS from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, August 12th. They noted that the move was a valuation call. Finally, KeyCorp cut their price target on shares of BTRS from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, August 12th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, BTRS has an average rating of “Buy” and an average target price of $17.25.

BTRS Company Profile

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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