Jane Street Group LLC Sells 43,669 Shares of EverCommerce Inc. (NASDAQ:EVCM)

Jane Street Group LLC reduced its stake in EverCommerce Inc. (NASDAQ:EVCM - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,984 shares of the company's stock after selling 43,669 shares during the period. Jane Street Group LLC owned about 0.06% of EverCommerce worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in EverCommerce by 4.2% during the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock worth $2,194,000 after purchasing an additional 7,954 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after purchasing an additional 2,040 shares during the last quarter. Mariner LLC increased its stake in shares of EverCommerce by 54.8% in the 4th quarter. Mariner LLC now owns 63,761 shares of the company's stock valued at $702,000 after acquiring an additional 22,560 shares in the last quarter. Barclays PLC increased its stake in shares of EverCommerce by 11.2% in the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock valued at $363,000 after acquiring an additional 3,312 shares in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of EverCommerce in the 4th quarter valued at $165,000. Institutional investors own 97.91% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVCM. Barclays lifted their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Canaccord Genuity Group lifted their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Piper Sandler lowered their price objective on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Oppenheimer lowered their price objective on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, Jefferies Financial Group lowered their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.36.

Insiders Place Their Bets

In other EverCommerce news, CEO Eric Richard Remer sold 23,119 shares of EverCommerce stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $11.26, for a total transaction of $260,319.94. Following the transaction, the chief executive officer now directly owns 7,464,044 shares of the company's stock, valued at $84,045,135.44. The trade was a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Matthew David Feierstein sold 8,963 shares of EverCommerce stock in a transaction on Monday, March 17th. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26. Following the transaction, the president now directly owns 2,408,089 shares in the company, valued at $24,129,051.78. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,500 shares of company stock valued at $2,719,142 in the last three months. 11.60% of the stock is currently owned by insiders.

EverCommerce Stock Up 3.1%

NASDAQ EVCM traded up $0.30 during mid-day trading on Tuesday, hitting $10.02. The company's stock had a trading volume of 139,997 shares, compared to its average volume of 137,553. The company's 50 day simple moving average is $10.14 and its 200 day simple moving average is $10.56. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -35.78 and a beta of 1.07.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. During the same period in the previous year, the business posted ($0.09) EPS. The business's revenue for the quarter was down 16.3% compared to the same quarter last year. Analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

EverCommerce Profile

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.