EverCommerce (NASDAQ:EVCM) Insider Lisa Storey Sells 17,012 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 17,012 shares of EverCommerce stock in a transaction on Friday, August 14th. The stock was sold at an average price of $10.01, for a total transaction of $170,290.12. Following the completion of the transaction, the insider owned 222,586 shares in the company, valued at $2,228,085.86. This trade represents a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

EverCommerce Stock Down 0.3%

EverCommerce stock opened at $10.16 on Tuesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 56.44, a P/E/G ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a fifty day moving average price of $10.39 and a two-hundred day moving average price of $10.80.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results 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). The business had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. As a group, analysts forecast that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $125,000. Prudential Financial Inc. raised its stake in shares of EverCommerce by 9.6% in the second 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. Deutsche Bank AG bought a new position in EverCommerce in the second quarter worth $144,000. Oxford Asset Management LLP bought a new position in EverCommerce in the second quarter worth $168,000. Finally, BNP Paribas Financial Markets boosted its stake in EverCommerce by 863.2% during 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. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EVCM. Canaccord Genuity Group lifted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada lowered their price objective 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. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Barclays upped their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.