JPMorgan Chase & Co. Raises Stock Holdings in EverCommerce Inc. (NASDAQ:EVCM)

JPMorgan Chase & Co. boosted its position in shares of EverCommerce Inc. (NASDAQ:EVCM - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,010 shares of the company's stock after acquiring an additional 49,745 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of EverCommerce worth $1,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of EverCommerce by 32.3% in the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock worth $251,000 after purchasing an additional 5,554 shares during the period. Barclays PLC boosted its holdings in EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company's stock worth $307,000 after buying an additional 22,360 shares during the period. Raymond James Financial Inc. bought a new stake in EverCommerce during the fourth quarter valued at about $694,000. Charles Schwab Investment Management Inc. lifted its position in shares of EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after acquiring an additional 1,092 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of EverCommerce by 2.4% in the third quarter. State Street Corp now owns 514,965 shares of the company's stock worth $5,335,000 after acquiring an additional 12,156 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EVCM. 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. Jefferies Financial Group dropped their price target on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Barclays reduced their price objective on EverCommerce from $12.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Piper Sandler cut their target price on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Royal Bank of Canada reduced their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.09.

EverCommerce Trading Up 0.9 %

Shares of NASDAQ:EVCM traded up $0.09 during trading hours on Thursday, hitting $9.85. 17,339 shares of the company's stock traded hands, compared to its average volume of 134,821. The firm has a market capitalization of $1.81 billion, a P/E ratio of -35.37 and a beta of 1.06. The business has a fifty day moving average price of $9.91 and a 200-day moving average price of $10.63. 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.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. During the same period last year, the company earned ($0.12) EPS. The business's revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Insider Activity at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 7,507 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $10.05, for a total value of $75,445.35. Following the completion of the sale, the chief executive officer now directly owns 7,814,873 shares in the company, valued at approximately $78,539,473.65. This represents a 0.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matthew David Feierstein sold 5,513 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.07, for a total value of $55,515.91. Following the transaction, the president now owns 2,187,695 shares in the company, valued at approximately $22,030,088.65. This represents a 0.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 254,368 shares of company stock worth $2,551,626. 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.