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

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

EverCommerce Trading Up 1.3%

NASDAQ:EVCM opened at $10.11 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.79 billion, a PE ratio of 56.17, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. The firm’s 50 day moving average is $10.43 and its 200 day moving average is $10.77. 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). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The firm had revenue of $152.02 million for 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. EverCommerce’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EVCM shares. Canaccord Genuity Group lifted their price objective 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 dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Hedge Funds Weigh In On EverCommerce

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of EverCommerce in the second quarter worth $10,724,000. CoreCap Advisors LLC bought a new stake in EverCommerce during the second quarter valued at $2,716,000. Goldman Sachs Group Inc. grew its position in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares in the last quarter. Lazard Asset Management LLC grew its position in EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares in the last quarter. Finally, Zacks Investment Management bought a new position in EverCommerce in the 3rd quarter worth about $418,000. 97.91% of the stock is currently owned by institutional investors.

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.