56,648 Shares in EverCommerce Inc. $EVCM Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in shares of EverCommerce Inc. (NASDAQ:EVCM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,648 shares of the company’s stock, valued at approximately $595,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Woodline Partners LP grew its holdings in shares of EverCommerce by 4.7% during the first quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after buying an additional 25,412 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after acquiring an additional 547,712 shares during the period. Nuveen LLC purchased a new position in EverCommerce during the 1st quarter valued at about $493,000. Los Angeles Capital Management LLC grew its stake in EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after acquiring an additional 47,470 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in shares of EverCommerce in the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Stock Down 1.2%

EverCommerce stock opened at $11.95 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The firm’s fifty day simple moving average is $10.36 and its 200-day simple moving average is $10.74. The company has a market capitalization of $2.14 billion, a P/E ratio of -1,193.81, a P/E/G ratio of 6.09 and a beta of 1.07.

Insider Activity

In other EverCommerce news, CEO Eric Richard Remer sold 32,706 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $9.87, for a total value of $322,808.22. Following the completion of the sale, the chief executive officer owned 2,833,139 shares of the company’s stock, valued at $27,963,081.93. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matthew David Feierstein sold 25,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $11.38, for a total value of $284,500.00. Following the sale, the president owned 2,148,295 shares of the company’s stock, valued at approximately $24,447,597.10. This trade represents a 1.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 304,786 shares of company stock worth $3,308,111. Corporate insiders own 10.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EVCM shares. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a report on Tuesday, October 14th. Barclays decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.