Ryan Siurek Sells 3,188 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 3,188 shares of EverCommerce stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $10.16, for a total transaction of $32,390.08. Following the sale, the chief financial officer owned 344,121 shares of the company’s stock, valued at approximately $3,496,269.36. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

EverCommerce Stock Down 0.4%

NASDAQ:EVCM opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The company’s fifty day moving average price is $10.44 and its 200-day moving average price is $10.75. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The firm has a market capitalization of $1.70 billion, a P/E ratio of 53.56, a PEG ratio of 0.94 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The business had revenue of $152.02 million for 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. As a group, equities research analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EVCM. Royal Bank Of Canada dropped their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Barclays lifted their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC boosted its position in EverCommerce by 5.1% during 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. Prudential Financial Inc. grew its holdings in 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 purchasing an additional 1,190 shares during the period. American Century Companies Inc. increased its position in shares of EverCommerce by 19.8% in the second 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 in the last quarter. Wells Fargo & Company MN increased 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 valued at $198,000 after buying an additional 7,085 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.