Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CFO Sells 10,000 Shares of Stock

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 business's stock in a transaction dated 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 owned 245,549 shares in the company, valued at approximately $2,607,730.38. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded up $0.28 during trading hours on Friday, reaching $10.82. The stock had a trading volume of 243,666 shares, compared to its average volume of 173,642. The business's fifty day moving average is $10.55 and its two-hundred day moving average is $10.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -90.16 and a beta of 1.06. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.34.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $148.02 million during the quarter, compared to analyst estimates of $145.80 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVCM. BNP Paribas Financial Markets bought a new stake in shares of EverCommerce during the fourth quarter worth $29,000. Tower Research Capital LLC TRC boosted its holdings in 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 during the last quarter. Deutsche Bank AG boosted its holdings in EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after acquiring an additional 3,667 shares during the last quarter. GAMMA Investing LLC boosted its holdings in EverCommerce by 838.8% in the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock valued at $706,000 after acquiring an additional 6,358 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in EverCommerce during the first quarter worth about $102,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EVCM shares. Oppenheimer reaffirmed an "outperform" rating and set a $13.00 target price (up previously from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Canaccord Genuity Group upped their target price on EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Piper Sandler upped their target price on EverCommerce from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Barclays increased their price objective on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, EverCommerce presently has an average rating of "Hold" and an average target price 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.

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