BTRS (NASDAQ:BTRS) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of BTRS (NASDAQ:BTRS) from a hold rating to a sell rating in a research note published on Monday morning, Zacks.com reports.

According to Zacks, “BTRS Holdings Inc. is a provider of cloud-based software and integrated payment processing solutions which simplify and automate B2B commerce. BTRS Holdings Inc., formerly known as South Mountain Merger Corp., is based in NEW YORK. “

Several other equities research analysts also recently commented on the company. KeyCorp began coverage on BTRS in a report on Thursday, March 25th. They set an overweight rating and a $20.00 target price on the stock. Needham & Company LLC began coverage on BTRS in a report on Tuesday, March 16th. They set a buy rating and a $20.00 target price on the stock. William Blair began coverage on BTRS in a report on Monday, February 8th. They set an outperform rating on the stock. Guggenheim began coverage on BTRS in a report on Monday, March 15th. They set a buy rating and a $23.00 target price on the stock. Finally, Canaccord Genuity began coverage on BTRS in a report on Monday, February 1st. They set a buy rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. BTRS currently has an average rating of Buy and a consensus price target of $21.00.

NASDAQ BTRS opened at $15.49 on Monday. BTRS has a 1-year low of $9.69 and a 1-year high of $19.76. The company has a 50-day moving average price of $15.76.

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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