EverCommerce (NASDAQ:EVCM) CFO Ryan H. Siurek Sells 10,000 Shares

Key Points

• EverCommerce Inc. CFO Ryan H. Siurek sold 10,000 shares of the company at an average price of $10.62, totaling $106,200, which reflects a 3.91% decrease in his position.
• The company reported $0.03 earnings per share for the quarter, exceeding expectations and showing a 5.3% revenue increase year-over-year.
• Analysts have mixed ratings for EverCommerce, with an average target price of $11.50, while some analysts upgraded their target prices up to $14.00.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CFO Ryan H. Siurek sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $10.62, for a total value of $106,200.00. Following the sale, the chief financial officer directly owned 245,549 shares of the company's stock, valued at approximately $2,607,730.38. The trade was a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

EverCommerce Stock Down 0.5%

NASDAQ EVCM traded down $0.05 during trading hours on Wednesday, reaching $10.94. 558,590 shares of the company's stock were exchanged, compared to its average volume of 239,168. The company's 50-day moving average is $10.61 and its two-hundred day moving average is $10.28. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.37 and a current ratio of 2.37. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -91.16, a price-to-earnings-growth ratio of 9.05 and a beta of 1.06.

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

Hedge Funds Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. Arrowstreet Capital Limited Partnership grew its stake in shares of EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock valued at $7,502,000 after buying an additional 547,712 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of EverCommerce in the second quarter valued at $5,039,000. Janus Henderson Group PLC grew its stake in shares of EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after buying an additional 110,183 shares in the last quarter. Woodline Partners LP grew its stake in shares of EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company's stock valued at $5,891,000 after buying an additional 106,359 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of EverCommerce in the fourth quarter valued at $694,000. 97.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EVCM. Zacks Research raised EverCommerce from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. 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 report 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 report on Monday, May 12th. Oppenheimer reiterated an "outperform" rating and issued a $13.00 price objective (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Finally, Piper Sandler lifted their price objective on shares of EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, EverCommerce currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

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.