Ryan Siurek Sells 16,812 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 16,812 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $10.21, for a total transaction of $171,650.52. Following the completion of the transaction, the chief financial officer owned 347,309 shares in the company, valued at approximately $3,546,024.89. This represents a 4.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

EverCommerce Stock Down 1.8%

Shares of NASDAQ:EVCM traded down $0.18 during trading on Tuesday, reaching $9.98. 112,529 shares of the stock traded hands, compared to its average volume of 147,028. The stock has a market cap of $1.76 billion, a P/E ratio of 55.44, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a 50-day moving average of $10.39 and a two-hundred day moving average of $10.80. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

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. As a group, sell-side analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Royal Bank Of Canada lowered their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Barclays lifted their price target on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new position in shares of EverCommerce in the second quarter worth approximately $2,716,000. Barclays PLC increased its stake in shares of EverCommerce by 5.1% in 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. Wells Fargo & Company MN raised its holdings in EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in EverCommerce during the 4th quarter valued at approximately $177,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after buying an additional 13,734 shares in the last quarter. 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.