EverCommerce (NASDAQ:EVCM) CFO Ryan Siurek Sells 3,188 Shares

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 3,188 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $10.16, for a total value of $32,390.08. Following the transaction, the chief financial officer owned 344,121 shares of the company’s stock, valued at approximately $3,496,269.36. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverCommerce Stock Down 4.3%

EVCM stock opened at $9.68 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $10.76. The stock has a market cap of $1.71 billion, a PE ratio of 53.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in EverCommerce during the second quarter worth about $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 worth $142,000 after acquiring an additional 1,190 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of EverCommerce during the second quarter valued at approximately $144,000. O Shaughnessy Asset Management LLC acquired a new position in shares of EverCommerce during the fourth quarter valued at $177,000. Finally, BNP Paribas Financial Markets lifted its holdings in EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares during the period. 97.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EVCM. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Barclays upped their price objective 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. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Royal Bank Of Canada decreased their target price 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. Three 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’s stock. According to MarketBeat.com, EverCommerce has a consensus rating of “Hold” and a consensus target price of $11.00.

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.