$41.49 Million in Sales Expected for BTRS Holdings Inc. (NASDAQ:BTRS) This Quarter

Equities analysts forecast that BTRS Holdings Inc. (NASDAQ:BTRSGet Rating) will announce sales of $41.49 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BTRS’s earnings, with estimates ranging from $40.88 million to $42.00 million. BTRS posted sales of $31.59 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.3%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that BTRS will report full year sales of $166.03 million for the current financial year, with estimates ranging from $164.90 million to $168.10 million. For the next year, analysts expect that the firm will post sales of $201.61 million, with estimates ranging from $199.50 million to $205.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow BTRS.

BTRS (NASDAQ:BTRSGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). BTRS had a negative return on equity of 16.50% and a negative net margin of 39.64%. The business had revenue of $34.13 million for the quarter, compared to analysts’ expectations of $32.77 million. During the same quarter last year, the company earned ($0.61) earnings per share.

Several equities analysts have commented on BTRS shares. JPMorgan Chase & Co. decreased their price target on shares of BTRS from $15.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, March 2nd. Zacks Investment Research cut BTRS from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Canaccord Genuity Group decreased their price objective on BTRS from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Needham & Company LLC cut their target price on shares of BTRS from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. Finally, Citigroup boosted their price target on shares of BTRS from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $11.40.

Shares of BTRS stock opened at $5.25 on Tuesday. BTRS has a fifty-two week low of $3.95 and a fifty-two week high of $15.90. The company has a 50 day moving average price of $6.38 and a 200 day moving average price of $6.75. The stock has a market capitalization of $857.92 million, a P/E ratio of -12.50 and a beta of 0.49.

In other news, President Steven Pinado sold 13,151 shares of BTRS stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $4.74, for a total value of $62,335.74. Following the sale, the president now owns 508,150 shares of the company’s stock, valued at $2,408,631. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew J. Herning sold 5,000 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $6.98, for a total transaction of $34,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,460 shares of company stock valued at $103,440. 19.40% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of BTRS. ProShare Advisors LLC acquired a new position in BTRS during the fourth quarter worth about $112,000. Franklin Resources Inc. raised its holdings in BTRS by 3.7% during the third quarter. Franklin Resources Inc. now owns 7,625,719 shares of the company’s stock worth $81,138,000 after purchasing an additional 269,634 shares during the last quarter. Renaissance Technologies LLC boosted its position in BTRS by 1,274.3% during the third quarter. Renaissance Technologies LLC now owns 283,100 shares of the company’s stock worth $3,012,000 after purchasing an additional 262,500 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of BTRS in the third quarter valued at $224,000. Finally, Swiss National Bank raised its stake in shares of BTRS by 12.6% during the 4th quarter. Swiss National Bank now owns 151,400 shares of the company’s stock worth $1,184,000 after buying an additional 16,900 shares during the last quarter. 75.70% of the stock is owned by institutional investors and hedge funds.

BTRS Company Profile (Get Rating)

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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Earnings History and Estimates for BTRS (NASDAQ:BTRS)

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