Lisa Storey Sells 8,435 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 8,435 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $14.28, for a total value of $120,451.80. Following the transaction, the insider owned 175,730 shares of the company’s stock, valued at approximately $2,509,424.40. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverCommerce Stock Performance

NASDAQ:EVCM opened at $12.71 on Friday. The stock has a market cap of $2.28 billion, a P/E ratio of -1,269.73, a PEG ratio of 6.12 and a beta of 1.07. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $10.69. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its position 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 acquiring an additional 1,190 shares during the period. Federated Hermes Inc. grew its stake in shares of EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the last quarter. American Century Companies Inc. increased its holdings in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares during the period. Deutsche Bank AG raised its position in EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after purchasing an additional 5,770 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in EverCommerce during the 3rd quarter valued at approximately $91,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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