EverCommerce (NASDAQ:EVCM) CFO Ryan Siurek Sells 16,812 Shares

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 16,812 shares of EverCommerce stock in a transaction on Monday, August 17th. The stock was sold at an average price of $10.21, for a total value of $171,650.52. Following the completion of the transaction, the chief financial officer owned 347,309 shares in the company, valued at $3,546,024.89. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

EverCommerce Stock Down 1.8%

Shares of EverCommerce stock opened at $9.98 on Wednesday. The stock’s fifty day moving average is $10.41 and its 200-day moving average is $10.79. The firm has a market capitalization of $1.76 billion, a PE ratio of 55.44, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The company had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. Equities analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays raised their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada reduced their price target on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently bought and sold shares of EVCM. CoreCap Advisors LLC purchased a new position in EverCommerce during the 2nd quarter valued at about $2,716,000. Barclays PLC lifted its position in shares of EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of EverCommerce in the fourth quarter worth approximately $177,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.