EverCommerce Inc. (NASDAQ:EVCM) Insider Sells $107,516.02 in Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa E. Storey sold 9,574 shares of EverCommerce stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $11.23, for a total transaction of $107,516.02. Following the completion of the sale, the insider now owns 214,593 shares in the company, valued at $2,409,879.39. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverCommerce Stock Down 2.8%

EVCM stock opened at $10.36 on Friday. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -37.00 and a beta of 1.07. The business’s fifty day moving average price is $10.10 and its two-hundred day moving average price is $10.62.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the previous year, the company earned ($0.09) EPS. The business’s revenue for the quarter was down 16.3% on a year-over-year basis. On average, equities analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group dropped their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 14th. Piper Sandler lowered their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group cut their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Oppenheimer decreased their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, Barclays increased their price target on EverCommerce from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.36.

Institutional Investors Weigh In On EverCommerce

Large investors have recently added to or reduced their stakes in the stock. Woodline Partners LP raised its holdings in EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after acquiring an additional 25,412 shares in the last quarter. Janus Henderson Group PLC raised its stake in EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after purchasing an additional 110,183 shares in the last quarter. Northern Trust Corp lifted its position in EverCommerce by 4.2% during the fourth quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock worth $2,194,000 after purchasing an additional 7,954 shares during the period. Charles Schwab Investment Management Inc. grew its stake in EverCommerce by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after buying an additional 1,092 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock valued at $1,695,000 after buying an additional 49,745 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.