Lisa Storey Sells 4,000 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.38, for a total value of $41,520.00. Following the transaction, the insider directly owned 244,999 shares in the company, valued at approximately $2,543,089.62. This represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

EverCommerce Trading Down 1.5%

EVCM traded down $0.16 during trading hours on Tuesday, reaching $10.53. 126,538 shares of the company’s stock traded hands, compared to its average volume of 135,427. The firm has a market capitalization of $1.86 billion, a PE ratio of 61.94, a PEG ratio of 2.42 and a beta of 0.94. The firm has a 50-day moving average price of $11.15 and a 200 day moving average price of $11.01. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The business had revenue of $147.47 million during the quarter, compared to the consensus estimate of $147.18 million. During the same period last year, the firm earned $0.01 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that EverCommerce Inc. will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after buying an additional 4,576 shares during the period. Prudential Financial Inc. boosted its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in EverCommerce during the second quarter worth $302,000. Finally, Lazard Asset Management LLC raised its position in EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after acquiring an additional 49,041 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. The Goldman Sachs Group cut their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Finally, Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, EverCommerce has a consensus rating of “Hold” and a consensus price target of $11.25.

About EverCommerce

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.