EverCommerce (NASDAQ:EVCM) CFO Sells $32,390.08 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CFO Ryan Siurek sold 3,188 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $10.16, for a total transaction of $32,390.08. Following the completion of the sale, the chief financial officer owned 344,121 shares of the company’s stock, valued at $3,496,269.36. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

EverCommerce Price Performance

EVCM stock opened at $9.64 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of 53.56, a P/E/G ratio of 0.94 and a beta of 0.91. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.75. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The firm had revenue of $152.02 million during the quarter, compared to analysts’ expectations of $152.29 million. During the same period last year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of large investors have recently modified their holdings of EVCM. Bank of America Corp DE bought a new position in EverCommerce in the second quarter worth approximately $125,000. BlackRock Inc. purchased a new position in EverCommerce during the 2nd quarter worth $10,724,000. Deutsche Bank AG bought a new stake in EverCommerce during the 2nd quarter valued at $144,000. Bank of New York Mellon Corp bought a new stake in EverCommerce during the 2nd quarter valued at $324,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of EverCommerce in the 2nd quarter worth $2,716,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Royal Bank Of Canada decreased their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Canaccord Genuity Group boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.