State of Wyoming Has $362,000 Stock Position in EverCommerce Inc. (NASDAQ:EVCM)

State of Wyoming lifted its stake in EverCommerce Inc. (NASDAQ:EVCM) by 245.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,875 shares of the company’s stock after acquiring an additional 23,356 shares during the period. State of Wyoming’s holdings in EverCommerce were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after acquiring an additional 1,092 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after acquiring an additional 2,040 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce in the fourth quarter worth $29,000. Wells Fargo & Company MN grew its stake in shares of EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after acquiring an additional 3,106 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of EverCommerce by 11.2% in the fourth quarter. Barclays PLC now owns 32,989 shares of the company’s stock worth $363,000 after acquiring an additional 3,312 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insider Buying and Selling at EverCommerce

In other news, President Matthew David Feierstein sold 15,837 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.02, for a total value of $158,686.74. Following the completion of the sale, the president now directly owns 2,392,252 shares in the company, valued at approximately $23,970,365.04. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric Richard Remer sold 8,688 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $9.51, for a total value of $82,622.88. Following the completion of the sale, the chief executive officer now owns 7,716,630 shares of the company’s stock, valued at approximately $73,385,151.30. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,500 shares of company stock valued at $2,719,142. 11.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EVCM shares. The Goldman Sachs Group lowered their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 14th. Canaccord Genuity Group raised their target price on EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Jefferies Financial Group reduced their target price on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Barclays raised their target price on EverCommerce from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Finally, Oppenheimer reduced their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.36.

EverCommerce Stock Down 2.0%

Shares of NASDAQ EVCM opened at $10.01 on Thursday. The stock has a market cap of $1.83 billion, a PE ratio of -35.75 and a beta of 1.07. The business has a fifty day moving average of $10.15 and a two-hundred day moving average of $10.61. EverCommerce Inc. has a 52-week low of $8.10 and a 52-week high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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). The company had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm’s revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. As a group, equities research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

EverCommerce 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.