Insider Selling: EverCommerce (NASDAQ:EVCM) Insider Sells $120,451.80 in Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 8,435 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $14.28, for a total transaction of $120,451.80. Following the completion of the sale, the insider owned 175,730 shares of the company’s stock, valued at $2,509,424.40. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

EverCommerce Trading Down 5.8%

Shares of EverCommerce stock opened at $11.97 on Friday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -1,195.80, a price-to-earnings-growth ratio of 6.40 and a beta of 1.07. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company’s 50-day simple moving average is $10.32 and its 200-day simple moving average is $10.70. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently added to or reduced their stakes in EVCM. Arrowstreet Capital Limited Partnership lifted its holdings in shares of EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after purchasing an additional 547,712 shares in the last quarter. Woodline Partners LP raised its position in shares of EverCommerce by 4.7% during the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock worth $5,650,000 after purchasing an additional 25,412 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in EverCommerce in the 2nd quarter valued at approximately $5,039,000. Tudor Investment Corp ET AL grew its holdings in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after buying an additional 83,794 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in EverCommerce by 11.9% during the 2nd 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 last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

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.