48,890 Shares in EverCommerce Inc. $EVCM Bought by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $493,000 in EverCommerce Inc. by acquiring 48,890 shares, as reported in its recent 13F filing with the SEC.
• Analysts have shown a positive outlook on EverCommerce, with Canaccord Genuity raising its price target from $13.00 to $14.00 and Zacks upgrading the stock from "hold" to "strong-buy."
• Insiders, including CEO Eric Remer, have sold a total of 305,500 shares valued at over $3 million in the last quarter, indicating a recent shift in ownership dynamics within the company.

Nuveen LLC purchased a new stake in EverCommerce Inc. (NASDAQ:EVCM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 48,890 shares of the company's stock, valued at approximately $493,000.

Several other large investors have also modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after purchasing an additional 2,040 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of EverCommerce in the 4th quarter valued at about $29,000. Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after purchasing an additional 3,106 shares in the last quarter. Barclays PLC raised its holdings 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 purchasing an additional 3,312 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after purchasing an additional 3,667 shares in the last quarter. Institutional investors own 97.91% of the company's stock.

Insider Transactions at EverCommerce

In other news, CFO Ryan H. Siurek sold 10,000 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $10.62, for a total value of $106,200.00. Following the sale, the chief financial officer owned 245,549 shares in the company, valued at $2,607,730.38. This represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Richard Remer sold 4,079 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $11.13, for a total transaction of $45,399.27. Following the completion of the sale, the chief executive officer owned 5,168,663 shares in the company, valued at $57,527,219.19. The trade was a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 305,500 shares of company stock worth $3,243,844 over the last 90 days. 10.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EVCM has been the subject of several recent analyst reports. Barclays boosted their price objective 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. Piper Sandler boosted their price objective on shares of EverCommerce from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Oppenheimer reiterated an "outperform" rating and set a $13.00 price objective (up previously from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Zacks Research upgraded shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded down $0.19 during midday trading on Tuesday, reaching $11.51. The company's stock had a trading volume of 107,098 shares, compared to its average volume of 181,226. The firm has a market capitalization of $2.09 billion, a PE ratio of -95.87, a P/E/G ratio of 9.38 and a beta of 1.06. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.34. The stock has a fifty day moving average of $11.00 and a 200 day moving average of $10.35. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. On average, equities analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

EverCommerce Company 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.