Janus Henderson Group PLC Buys 110,183 Shares of EverCommerce Inc. (NASDAQ:EVCM)

Janus Henderson Group PLC grew its position in EverCommerce Inc. (NASDAQ:EVCM - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,319 shares of the company's stock after purchasing an additional 110,183 shares during the quarter. Janus Henderson Group PLC owned approximately 0.23% of EverCommerce worth $4,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of EverCommerce during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC lifted its position in shares of EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after acquiring an additional 2,040 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after acquiring an additional 3,667 shares during the period. Wells Fargo & Company MN boosted its stake in shares of EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after acquiring an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of EverCommerce during the fourth quarter worth about $119,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EVCM shares. The Goldman Sachs Group dropped their price target on EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 14th. Royal Bank of Canada dropped their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group lifted their price target on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Barclays boosted their price target on shares of EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Piper Sandler cut their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.36.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded down $0.22 during mid-day trading on Friday, hitting $9.72. 209,058 shares of the company's stock traded hands, compared to its average volume of 137,543. The company has a market capitalization of $1.77 billion, a P/E ratio of -34.71 and a beta of 1.07. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The company's 50-day moving average is $10.15 and its two-hundred day moving average is $10.59.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $142.27 million for the quarter, compared to analysts' expectations of $146.28 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company's revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. On average, equities analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at EverCommerce

In other news, CEO Eric Richard Remer sold 8,688 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $9.51, for a total transaction of $82,622.88. Following the transaction, the chief executive officer now owns 7,716,630 shares of the company's stock, valued at approximately $73,385,151.30. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Matthew David Feierstein sold 8,963 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $10.02, for a total value of $89,809.26. Following the completion of the sale, the president now owns 2,408,089 shares in the company, valued at approximately $24,129,051.78. The trade was a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,500 shares of company stock worth $2,719,142. Company insiders own 11.60% of the company's stock.

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.