EverCommerce (NASDAQ:EVCM) Insider Lisa Storey Sells 4,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) insider Lisa Storey sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.38, for a total value of $41,520.00. Following the completion of the sale, the insider owned 244,999 shares in the company, valued at approximately $2,543,089.62. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $10.53 on Wednesday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The stock’s 50-day moving average is $11.16 and its 200-day moving average is $11.00. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company had revenue of $147.47 million for the quarter, compared to the consensus estimate of $147.18 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Equities analysts predict that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings upgraded EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. The Goldman Sachs Group reduced their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Canaccord Genuity Group raised their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVCM. JPMorgan Chase & Co. raised its position in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares during the last quarter. American Century Companies Inc. grew its stake in shares of EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after buying an additional 4,576 shares during the period. Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the period. Occudo Quantitative Strategies LP acquired a new position in EverCommerce during the 2nd quarter valued at about $302,000. Finally, Lazard Asset Management LLC boosted its stake in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after purchasing an additional 49,041 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

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.