Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) Insider Sells 1,293 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) insider Lisa E. Storey sold 1,293 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $10.16, for a total value of $13,136.88. Following the transaction, the insider now owns 174,201 shares of the company’s stock, valued at $1,769,882.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverCommerce Price Performance

Shares of EVCM stock traded down $0.15 during trading hours on Wednesday, hitting $9.93. 112,910 shares of the company’s stock were exchanged, compared to its average volume of 139,106. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.71 and a quick ratio of 1.71. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.47. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -47.95 and a beta of 1.05. The stock’s 50-day moving average is $9.49 and its 200-day moving average is $9.68.

EverCommerce (NASDAQ:EVCMGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The business had revenue of $170.10 million for the quarter, compared to analyst estimates of $162.11 million. During the same period in the prior year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that EverCommerce Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler restated a “neutral” rating and issued a $10.00 target price on shares of EverCommerce in a research note on Friday, March 15th. Canaccord Genuity Group upped their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Barclays cut their target price on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 15th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 target price (down from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Finally, Royal Bank of Canada cut their target price on EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Read Our Latest Analysis on EVCM

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in EverCommerce by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after buying an additional 30,481 shares during the last quarter. Great Lakes Advisors LLC raised its position in EverCommerce by 42.9% in the 4th quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock valued at $2,249,000 after buying an additional 61,236 shares during the last quarter. Bank of New York Mellon Corp raised its position in EverCommerce by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock valued at $1,859,000 after buying an additional 3,831 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in EverCommerce in the 4th quarter valued at approximately $391,000. Finally, RIA Advisory Group LLC acquired a new stake in EverCommerce in the 1st quarter valued at approximately $242,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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