EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) insider Lisa Storey sold 1,228 shares of the company's stock in a transaction dated Saturday, August 22nd. The shares were sold at an average price of $9.64, for a total value of $11,837.92. Following the completion of the sale, the insider owned 221,358 shares of the company's stock, valued at $2,133,891.12. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
EverCommerce Stock Down 0.9%
EverCommerce stock opened at $9.55 on Tuesday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 0.94 and a beta of 0.91. The company's 50 day simple moving average is $10.45 and its 200 day simple moving average is $10.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41.
EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (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 business had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current year.
Wall Street Analyst Weigh In
EVCM has been the topic of several recent research reports. Canaccord Genuity Group lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of EverCommerce from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 14th. Royal Bank Of Canada decreased their price objective on EverCommerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, August 6th. Weiss Ratings downgraded EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, May 26th. Finally, Barclays lifted their target price on EverCommerce from $8.50 to $10.00 and gave the company an "underweight" rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.00.
Read Our Latest Research Report on EverCommerce
Institutional Trading of EverCommerce
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of EverCommerce in the second quarter valued at approximately $10,724,000. CoreCap Advisors LLC bought a new position in EverCommerce during the 2nd quarter worth $2,716,000. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 11,996 shares during the period. Goldman Sachs Group Inc. raised its holdings in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company's stock valued at $1,266,000 after acquiring an additional 50,854 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock valued at $749,000 after acquiring an additional 34,979 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.
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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