EverCommerce (NASDAQ:EVCM) Insider Sells $170,290.12 in Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 17,012 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $10.01, for a total value of $170,290.12. Following the sale, the insider directly owned 222,586 shares of the company’s stock, valued at $2,228,085.86. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

EverCommerce Trading Down 0.3%

EVCM stock traded down $0.03 during mid-day trading on Monday, hitting $10.16. 186,236 shares of the company were exchanged, compared to its average volume of 145,787. The business has a fifty day simple moving average of $10.39 and a 200-day simple moving average of $10.80. The firm has a market capitalization of $1.79 billion, a P/E ratio of 56.44, a PEG ratio of 0.99 and a beta of 0.91. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The company had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. On average, equities research analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Several large investors have recently bought and sold shares of EVCM. Bank of America Corp DE purchased a new position in shares of EverCommerce in the 2nd quarter valued at about $125,000. BlackRock Inc. purchased a new stake in shares of EverCommerce during the second quarter worth approximately $10,724,000. Deutsche Bank AG purchased a new stake in shares of EverCommerce during the second quarter worth approximately $144,000. Bank of New York Mellon Corp acquired a new stake in EverCommerce in the second quarter valued at approximately $324,000. Finally, CoreCap Advisors LLC acquired a new stake in EverCommerce in the second quarter valued at approximately $2,716,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EVCM shares. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Barclays increased their price target on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reduced their target price 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. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. 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 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.