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. The company's proprietary technology platform offers customers various ways to present invoices, such as online, email, AP portal, and print/mail; and receive payments through credit card, ACH, email, phone, and paper check. It serves customers across diversified industry verticals comprising technology, healthcare, industrial, wholesale distribution, consumer packaged goods, and others. The company was founded in 2001 and is headquartered in Lawrenceville, New Jersey.
IPO Year: 2019
Exchange: NASDAQ
Website: billtrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2022 | Outperform → Mkt Perform | William Blair | |
| 10/6/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 3/2/2022 | $17.00 → $13.00 | Buy | Canaccord Genuity |
| 3/2/2022 | $15.00 → $8.00 | Overweight | JP Morgan |
| 3/2/2022 | $14.00 → $12.00 | Buy | Needham |
| 1/25/2022 | $12.00 → $8.00 | Overweight | Keybanc |
| 1/7/2022 | $8.00 | Mkt Perform | Keefe Bruyette |
| 11/12/2021 | $16.00 → $12.00 | Overweight | Keybanc |
| 11/11/2021 | $20.00 → $14.00 | Buy | Needham |
| 11/8/2021 | $15.00 | Neutral → Overweight | JP Morgan |
William Blair downgraded BTRS Holdings from Outperform to Mkt Perform
KeyBanc Capital Markets downgraded BTRS Holdings from Overweight to Sector Weight
Canaccord Genuity reiterated coverage of BTRS Holdings with a rating of Buy and set a new price target of $13.00 from $17.00 previously
JP Morgan reiterated coverage of BTRS Holdings with a rating of Overweight and set a new price target of $8.00 from $15.00 previously
Needham reiterated coverage of BTRS Holdings with a rating of Buy and set a new price target of $12.00 from $14.00 previously
Keybanc reiterated coverage of BTRS Holdings with a rating of Overweight and set a new price target of $8.00 from $12.00 previously
Keefe Bruyette initiated coverage of BTRS Holdings with a rating of Mkt Perform and set a new price target of $8.00
Keybanc reiterated coverage of BTRS Holdings with a rating of Overweight and set a new price target of $12.00 from $16.00 previously
Needham reiterated coverage of BTRS Holdings with a rating of Buy and set a new price target of $14.00 from $20.00 previously
JP Morgan upgraded BTRS Holdings from Neutral to Overweight and set a new price target of $15.00