Key Points
- EverCommerce CFO Ryan Siurek sold 16,812 shares at an average price of $10.21, generating $171,650.52. The sale reduced his ownership by 4.62% and was made to cover tax withholding tied to vested equity awards.
- EverCommerce reported quarterly revenue of $152.02 million, up 2.7% year over year, but earnings per share of $0.05 fell short of analysts’ $0.15 estimate.
- Analysts maintain a consensus “Hold” rating with an average price target of $11.00, while institutional investors and hedge funds own 97.91% of the company’s stock.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CFO Ryan Siurek sold 16,812 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $10.21, for a total transaction of $171,650.52. Following the transaction, the chief financial officer owned 347,309 shares in the company, valued at approximately $3,546,024.89. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
EverCommerce Price Performance
Shares of NASDAQ:EVCM opened at $9.98 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The business has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $10.79. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 55.44, a P/E/G ratio of 0.99 and a beta of 0.91.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The firm had revenue of $152.02 million during the quarter, compared to analysts' expectations of $152.29 million. During the same quarter last year, the firm earned $0.04 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in EVCM. CoreCap Advisors LLC bought a new position in shares of EverCommerce in the 2nd quarter valued at approximately $2,716,000. Barclays PLC boosted its position in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company's stock worth $277,000 after purchasing an additional 1,101 shares during the period. Wells Fargo & Company MN boosted its position in EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company's stock worth $198,000 after purchasing an additional 7,085 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in EverCommerce during the fourth quarter valued at approximately $177,000. Finally, BNP Paribas Financial Markets raised its position in shares of EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company's stock valued at $171,000 after purchasing an additional 13,734 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on EVCM shares. Royal Bank Of Canada lowered their price target on EverCommerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Canaccord Genuity Group boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. 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 note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of EverCommerce from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 14th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.00.
Read Our Latest Analysis on EVCM
EverCommerce Company Profile
(
Get Free Report)
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.
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