Insiders Have Traded BTRS Holdings Inc. (BTRS) Stock In What Way?

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SNOW Stock

The stock of BTRS Holdings Inc. (NASDAQ:BTRS) increased by $0.01 on Wednesday to $9.46, up 0.11 percent. The last five days have seen an average of 1,251,518 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $1.64. The average number of shares traded over the last 20 days was 1,935,179, while the average volume over the last 50 days totaled 3,717,622.

BTRS stock appreciated 0.43% since last month. On 11/09/22, the company’s shares reached a one-month low of $9.37. The stock touched a high of $9.49 on 11/22/22, after rallying from a low of $3.95 in 52 weeks. The price of BTRS stock has risen by 20.84% or $1.64 this year, reaching a new high 18 times. Still, the stock price is down -0.32% from the 52-week high.

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Insider Transactions

BTRS stock investors should be aware that BTRS Holdings Inc. (BTRS) stock had its last reported insider trading activity 12 days ago on Nov 11. On Nov 11, Chief Information Officer Eng Joe sold 4,221 shares at $9.45 each. This transaction resulted in the insider making $39,888. On Nov 11, O’Connor Jeanne sold 468 shares at a price of US$9.45. After the transaction, the insider now owns 218,727 shares. Senior Vice President, Finance Herning Andrew J had earlier sold 294 shares on Nov 11 for $9.45 a share. The transaction was completed for $2,778.

Financial Health

For the three months ended September 29, BTRS Holdings Inc.’s quick ratio was 2.10, while its current ratio was 2.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 59.50% percent. BTRS Holdings Inc.’s operating margin stood at -44.70% for the same period. Based on annual data, it had gross profit of $94.53 million and revenue of $166.41 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BTRS’s return on assets (ROA) during the last 12 months has been -18.50%. There was a -16.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -29.30%.

Earnings Surprise

According to BTRS Holdings Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $51.36 million, while revenues rose by 19.47% to $49.28 million. It was predicted that BTRS Holdings Inc.’s quarterly earnings would be -$0.13, but it ended up being -$0.08, beating the consensus by -62.50%. EBITDA was -$20.53 million for the quarter. At the end of BTRS Holdings Inc.’s most recent quarter ended September 29, its liabilities totaled 165.64 million, while its total debt was $35.35 million. Equity owned by shareholders amounts to $164.72 million.

Technical Picture

Here’s a quick look at BTRS Holdings Inc.’s (BTRS) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 65.64%, suggesting the stock is Neutral, with a 3.14% historical volatility rate.

The stochastic %K and %D were 73.89% and 77.59% respectively, while the average true range (ATR) was 0.04. Based on the 14-day stochastic reading of 75.00%, the RSI (14) reading is 69.55%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at 0.02.

Analyst Ratings

BTRS Holdings Inc. (NASDAQ: BTRS) was downgraded by William Blair to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned BTRS Holdings Inc. (BTRS) an Hold rating. BTRS is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is BTRS’s price target for the next 12 months?

The current consensus forecast for the stock is between $9.50 and $13.00, with a median target price of $9.50. In analyzing these forecasts, the average price target given by analysts for BTRS Holdings Inc. (BTRS) is $10.67.


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