EverCommerce (NASDAQ:EVCM) Insider Sells $41,520.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.38, for a total transaction of $41,520.00. Following the sale, the insider directly owned 244,999 shares of the company’s stock, valued at approximately $2,543,089.62. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

EverCommerce Trading Up 4.8%

NASDAQ:EVCM opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a 50-day moving average of $11.19 and a 200-day moving average of $11.00. The company has a market cap of $1.96 billion, a PE ratio of 65.24, a PEG ratio of 2.25 and a beta of 0.94. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL grew its stake in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after purchasing an additional 83,794 shares during the period. Quantinno Capital Management LP grew its stake in EverCommerce by 117.7% in the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after purchasing an additional 26,109 shares during the period. Wells Fargo & Company MN grew its stake in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the period. O Shaughnessy Asset Management LLC bought a new position in EverCommerce in the 4th quarter valued at $177,000. Finally, BNP Paribas Financial Markets grew its position in shares of EverCommerce by 863.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the period. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group upped their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada decreased their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Finally, Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.25.

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.