EverCommerce (NASDAQ:EVCM) Insider Lisa Storey Sells 17,012 Shares of Stock

Key Points

• Insider Lisa Storey sold 17,012 EverCommerce shares at an average price of $10.01, receiving $170,290.12. Her remaining stake fell 7.1% to 222,586 shares.
• EverCommerce recently reported quarterly EPS of $0.05, missing analyst expectations of $0.15, while revenue reached $152.02 million and increased 2.7% year over year.
• EVCM shares were trading near $10.16, with analysts holding a consensus “Hold” rating and an average price target of $11.00; institutional investors own 97.91% of the stock.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) insider Lisa Storey sold 17,012 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $10.01, for a total value of $170,290.12. Following the completion of the sale, the insider owned 222,586 shares of the company's stock, valued at $2,228,085.86. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverCommerce Price Performance

Shares of EVCM stock traded down $0.03 during trading hours on Monday, hitting $10.16. 186,236 shares of the company's stock were exchanged, compared to its average volume of 145,787. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market cap of $1.79 billion, a P/E ratio of 56.44, a P/E/G ratio of 0.99 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $10.39 and a two-hundred day moving average of $10.80.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly 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). The company had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. EverCommerce's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. Sell-side analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Weiss Ratings lowered EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, May 26th. Wall Street Zen cut EverCommerce from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 14th. Canaccord Genuity Group raised their target price on EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reduced their price objective 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. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.00.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of EverCommerce by 11.9% in 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 last quarter. American Century Companies Inc. raised its stake in EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock worth $290,000 after purchasing an additional 4,576 shares during the period. Prudential Financial Inc. boosted its holdings in 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 purchasing an additional 1,190 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of EverCommerce in the 2nd quarter valued at approximately $302,000. Finally, Lazard Asset Management LLC increased its holdings in shares of EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after buying an additional 49,041 shares during the last quarter. Hedge funds and other institutional investors 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.

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