Lisa Storey Sells 1,228 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 1,228 shares of EverCommerce stock in a transaction dated Saturday, August 22nd. The shares were sold at an average price of $9.64, for a total transaction of $11,837.92. Following the sale, the insider directly owned 221,358 shares in the company, valued at $2,133,891.12. The trade was a 0.55% decrease in their position. The sale was disclosed in a 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 Price Performance

Shares of NASDAQ EVCM opened at $8.96 on Wednesday. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock has a market capitalization of $1.58 billion, a P/E ratio of 49.78, a P/E/G ratio of 0.93 and a beta of 0.91. The company’s 50-day moving average is $10.45 and its 200 day moving average is $10.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The firm had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Institutional investors and hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC bought a new position in EverCommerce in the 2nd quarter worth about $2,716,000. Bank of America Corp DE bought a new stake in EverCommerce during the 2nd quarter valued at about $125,000. Barclays PLC raised its holdings in EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after buying an additional 1,101 shares during the last quarter. Wells Fargo & Company MN raised its holdings in 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 buying an additional 7,085 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of EverCommerce in the fourth quarter worth approximately $177,000. 97.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EVCM. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Canaccord Genuity Group increased their price target 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. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research report on Friday. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Barclays upped their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.00.

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.