Insider Selling: EverCommerce (NASDAQ:EVCM) CFO Sells 3,188 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 3,188 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $10.16, for a total value of $32,390.08. Following the sale, the chief financial officer owned 344,121 shares of the company’s stock, valued at $3,496,269.36. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

EverCommerce Trading Down 4.3%

EVCM traded down $0.43 on Thursday, hitting $9.68. 116,099 shares of the company were exchanged, compared to its average volume of 146,864. 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 firm has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $10.77. The stock has a market capitalization of $1.71 billion, a PE ratio of 53.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced 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). The company had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS. Sell-side analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in EverCommerce by 5.1% in the 4th 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. Prudential Financial Inc. boosted its stake in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of 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 buying an additional 7,085 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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