Raymond James Financial Inc. Takes Position in EverCommerce Inc. (NASDAQ:EVCM)

Raymond James Financial Inc. purchased a new stake in shares of EverCommerce Inc. (NASDAQ:EVCM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 63,000 shares of the company's stock, valued at approximately $694,000.

A number of other hedge funds have also recently made changes to their positions in EVCM. Wells Fargo & Company MN lifted its holdings in EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after purchasing an additional 3,106 shares in the last quarter. American Century Companies Inc. boosted its position in shares of EverCommerce by 32.3% during the fourth quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock worth $251,000 after acquiring an additional 5,554 shares during the last quarter. Barclays PLC grew its stake in EverCommerce by 305.6% during the third quarter. Barclays PLC now owns 29,677 shares of the company's stock valued at $307,000 after acquiring an additional 22,360 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in EverCommerce in the 4th quarter valued at $517,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock valued at $1,059,000 after purchasing an additional 63,139 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research report on Friday, March 14th. Jefferies Financial Group cut their target price on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a report on Friday, March 14th. Oppenheimer decreased their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Barclays dropped their price objective on shares of EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Finally, Piper Sandler lowered their price target 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, EverCommerce currently has an average rating of "Hold" and a consensus target price of $10.90.

Insider Activity at EverCommerce

In related news, President Matthew David Feierstein sold 8,963 shares of EverCommerce stock in a transaction that occurred on Monday, March 17th. The shares were 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 directly owns 2,408,089 shares in the company, valued at $24,129,051.78. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Richard Remer sold 8,720 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $10.80, for a total transaction of $94,176.00. Following the transaction, the chief executive officer now owns 7,765,658 shares in the company, valued at $83,869,106.40. The trade was a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,099 shares of company stock valued at $2,708,180 over the last ninety days. 11.60% of the stock is owned by company insiders.

EverCommerce Trading Up 6.3 %

EverCommerce stock traded up $0.65 during mid-day trading on Friday, hitting $11.00. The company's stock had a trading volume of 325,856 shares, compared to its average volume of 134,683. The company has a 50 day moving average of $9.95 and a 200-day moving average of $10.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $2.01 billion, a PE ratio of -39.28 and a beta of 1.07. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35.

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