Insider Selling: EverCommerce (NASDAQ:EVCM) Insider 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 on Thursday, May 21st. The stock was sold at an average price of $10.38, for a total value of $41,520.00. Following the sale, the insider owned 244,999 shares in the company, valued at approximately $2,543,089.62. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

EverCommerce Price Performance

Shares of EVCM stock traded down $0.16 during mid-day trading on Tuesday, reaching $10.53. The stock had a trading volume of 126,538 shares, compared to its average volume of 135,427. The company has a market cap of $1.86 billion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The business has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $11.01.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). The business had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, sell-side analysts anticipate that EverCommerce Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on EVCM shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. The Goldman Sachs Group reduced their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Citizens Jmp lowered shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.25.

Institutional Trading of EverCommerce

A number of institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the last quarter. R Squared Ltd bought a new position in EverCommerce during the third quarter valued at about $122,000. Prudential Financial Inc. raised 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 in the last quarter. Oxford Asset Management LLP acquired a new position in shares of EverCommerce in the 2nd quarter worth approximately $168,000. Finally, SG Americas Securities LLC acquired a new position in EverCommerce in the third quarter valued at about $169,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.