Saturday, June 25, 2022

BTRS (BTRS Holdings Inc.) may reap gains as insiders became active recently

BTRS Holdings Inc.’s recent filing unveils that its Chief Information Officer Eng Joe acquired Company’s shares for reported $0.15 million on Jun 10. In the deal valued at $4.85 per share,30,590 shares were bought. As a result of this transaction, Eng Joe now holds 78,528 shares worth roughly $ 0.36 million.

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Then, Herning Andrew J sold 5,496 shares, generating $27,095 in total proceeds. Upon selling the shares at $4.93, the Senior Vice President, Finance now owns 93,105 shares.

Before that, Herning Andrew J sold 366 shares. BTRS Holdings Inc. shares valued at $1,735 were divested by the Senior Vice President, Finance at a price of $4.74 per share. As a result of the transaction, Herning Andrew J now holds 83,601 shares, worth roughly $0.38 million.

Following these proceedings, Keefe Bruyette initiated its BTRS Holdings Inc. [BTRS] rating to a Mkt perform in a research note published on Tuesday, January 07, 2022; the price target was $8. PT values the company’s stock at a premium of 42.75 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Overweight”. BofA Securities began covering BTRS with a “Buy” recommendation on August 24, 2021. Cowen started covering the stock on April 22, 2021. It rated BTRS as “an Outperform”.

Price Performance Review of BTRS

On Tuesday, BTRS Holdings Inc. [NASDAQ:BTRS] saw its stock jump 1.55% to $4.58. On the same session, the stock had its day’s lowest price of $4.52, but rose to a high of $4.72. Over the last five days, the stock has gained 5.29%. BTRS Holdings Inc. shares have fallen nearly -41.43% since the year began. Nevertheless, the stocks have fallen -68.67% over the past one year. While a 52-week high of $15.49 was reached on 01/04/22, a 52-week low of $3.95 was recorded on 05/12/22. SMA at 50 days reached $5.65, while 200 days put it at $7.39. A total of 1.06 million shares were traded, compared to the trading of 1.84 million shares in the previous session.

Levels Of Support And Resistance For BTRS Stock

The 24-hour chart illustrates a support level at 4.49, which if violated will result in even more drops to 4.41. On the upside, there is a resistance level at 4.69. A further resistance level may holdings at 4.81. The Relative Strength Index (RSI) on the 14-day chart is 42.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.42%. Stochastics %K at 29.46% indicates the stock is a holding.

How much short interest is there in BTRS Holdings Inc.?

A steep rise in short interest was recorded in BTRS Holdings Inc. stocks on Apr 28, 2022, growing by 0.13 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 3.37 million shares. There was a rise of 3.71%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.33% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.38.

BTRS Holdings Inc. [BTRS] – Who Are The Largest Shareholders?

In filings from Senvest Management LLC, it is revealed that the company now owns 12,928,059 shares, or roughly 8.08% of the outstanding BTRS shares. In other words, the investor’s shares have risen by 4,514,387 from its previous 13-F filing of 8413672.0. Additionally, The Vanguard Group, Inc. decreased -1.30% of its stake after which the total value it holdings stand at $43,339,379, while BlackRock Fund Advisors added 29.77% of its stake to hold $29.94 million in the firm. Over the last quarter, TimesSquare Capital Management LL sold -153,000 shares of BTRS Holdings Inc., while Fidelity Management & Research Co sold 675,961 shares. At present, Senator Investment Group LP is holding 3,000,000 shares valued at $14.91 million. Artisan Partners LP owned 2,635,609 shares of the company at the time of its most recent 13F filing, worth $13.1 million.

According to FactSet, BTRS Holdings Inc.’s share price will average $8.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 77.38 percent from its previous closing price of $4.51. Analysts expect BTRS Holdings Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $7.00. However, 9 analysts have rated BTRS stock as a Buy in their predictions for 2022. The most recent change occurred on March 19, 2021 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $20 price target.

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