EverCommerce (NASDAQ:EVCM) CFO Ryan Siurek Sells 8,300 Shares

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $12.34, for a total value of $102,422.00. Following the completion of the sale, the chief financial officer owned 227,037 shares of the company’s stock, valued at $2,801,636.58. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverCommerce Price Performance

EverCommerce stock traded up $0.27 during trading on Thursday, reaching $12.42. The company had a trading volume of 88,568 shares, compared to its average volume of 207,805. The firm has a market capitalization of $2.23 billion, a PE ratio of -1,235.76, a price-to-earnings-growth ratio of 6.75 and a beta of 1.07. The firm’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $10.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. grew its position in shares of EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in EverCommerce during the third quarter worth $91,000. Deutsche Bank AG grew its holdings in EverCommerce by 141.9% in the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after buying an additional 5,770 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in EverCommerce in the 1st quarter valued at $102,000. Finally, R Squared Ltd acquired a new stake in shares of EverCommerce in the 3rd quarter worth $122,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.