EverCommerce (NASDAQ:EVCM) Insider Sells $170,290.12 in Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 17,012 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $10.01, for a total value of $170,290.12. Following the completion of the sale, the insider owned 222,586 shares in the company, valued at $2,228,085.86. The trade was a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

EverCommerce Price Performance

EVCM opened at $10.11 on Thursday. The firm has a market cap of $1.79 billion, a PE ratio of 56.17, a P/E/G ratio of 0.97 and a beta of 0.91. The stock has a 50-day moving average price of $10.43 and a 200-day moving average price of $10.77. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. 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 released its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same period last year, the company posted $0.04 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on EVCM. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Barclays upped their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in EVCM. Barclays PLC grew its stake in shares of EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after purchasing an additional 1,101 shares during the period. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the period. American Century Companies Inc. boosted its holdings 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 worth $290,000 after buying an additional 4,576 shares during the last quarter. Wells Fargo & Company MN boosted its holdings 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 buying an additional 7,085 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after buying an additional 11,996 shares during the period. 97.91% of the stock is currently owned by institutional investors.

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.