Short Interest in EverCommerce Inc. (NASDAQ:EVCM) Rises By 14.0%
by Amy Steele · The Cerbat GemEverCommerce Inc. (NASDAQ:EVCM – Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,635,831 shares, an increase of 14.0% from the March 31st total of 1,434,883 shares. Based on an average daily trading volume, of 116,948 shares, the days-to-cover ratio is currently 14.0 days. Currently, 1.0% of the shares of the company are short sold.
Key Stories Impacting EverCommerce
Here are the key news stories impacting EverCommerce this week:
- Positive Sentiment: CEO retains a large ownership stake — Eric Remer still directly owns roughly 2.9M shares (valued at about $34.7M), which provides some alignment with shareholders. InsiderTrades report
- Neutral Sentiment: The CEO sales were executed under a pre‑arranged Rule 10b5‑1 plan; that reduces the informational content of the trades versus ad‑hoc sales. See the SEC filing backing the disclosures. SEC Form 4
- Neutral Sentiment: Operational snapshot: Q1 revenue slightly beat estimates and was up ~5.2% year‑over‑year, but EPS missed consensus by $0.01 — mixed fundamental read. MarketBeat company page
- Negative Sentiment: Concentrated April selling — multiple sales across April (several 5k–12k share lots) increase headline risk and could add short‑term supply pressure despite being small % reductions (each ~0.2%). Investors often view repeated insider sales negatively even when pre‑planned. InsiderTrades report
- Negative Sentiment: Analyst / valuation concerns — consensus rating is “Hold” with an average price target (~$10.71) below current trading levels, and several firms have trimmed price targets or ratings; valuation metrics (very high P/E) increase sensitivity to execution misses. Analyst coverage summary
Analyst Ratings Changes
A number of brokerages have weighed in on EVCM. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Royal Bank Of Canada dropped their target price on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group dropped their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Finally, Canaccord Genuity Group dropped their target price on EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.71.
Get Our Latest Stock Report on EVCM
Insider Buying and Selling
In other EverCommerce news, CEO Eric Richard Remer sold 5,867 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $11.49, for a total value of $67,411.83. Following the completion of the sale, the chief executive officer owned 2,914,923 shares in the company, valued at approximately $33,492,465.27. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matthew David Feierstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $11.40, for a total value of $57,000.00. Following the completion of the sale, the president owned 2,155,606 shares of the company’s stock, valued at approximately $24,573,908.40. This represents a 0.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 320,945 shares of company stock valued at $3,597,560. 10.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares during the period. State of Alaska Department of Revenue acquired a new position in EverCommerce during the third quarter worth $91,000. R Squared Ltd acquired a new position in EverCommerce during the third quarter worth $122,000. Prudential Financial Inc. grew its holdings in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in EverCommerce during the second quarter worth $168,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
EverCommerce Stock Performance
Shares of NASDAQ:EVCM traded up $0.56 during trading on Friday, reaching $12.11. The company had a trading volume of 186,864 shares, compared to its average volume of 93,671. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 134.57, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11. The stock’s fifty day moving average price is $11.43 and its 200 day moving average price is $11.10. EverCommerce has a fifty-two week low of $7.66 and a fifty-two week high of $14.41.
EverCommerce (NASDAQ:EVCM – Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The company had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that EverCommerce will post 0.23 EPS for the current year.
EverCommerce Company Profile
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.