EverCommerce (NASDAQ:EVCM) Insider Sells $120,451.80 in Stock

by · The Markets Daily

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) insider Lisa Storey sold 8,435 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $14.28, for a total transaction of $120,451.80. Following the completion of the transaction, the insider directly owned 175,730 shares of the company’s stock, valued at $2,509,424.40. This represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

EverCommerce Price Performance

NASDAQ:EVCM traded down $1.25 on Wednesday, reaching $12.15. 552,239 shares of the company’s stock traded hands, compared to its average volume of 208,374. The stock has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $10.66. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The firm has a market cap of $2.18 billion, a PE ratio of -1,213.79, a P/E/G ratio of 6.73 and a beta of 1.07. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its stake in shares of EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue bought a new stake in EverCommerce during the 3rd quarter valued at about $91,000. Deutsche Bank AG boosted its position in EverCommerce by 141.9% in the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after buying an additional 5,770 shares during the period. EntryPoint Capital LLC purchased a new stake in EverCommerce in the 1st quarter valued at about $102,000. Finally, R Squared Ltd bought a new position in EverCommerce in the 3rd quarter worth about $122,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on EVCM shares. Barclays lowered their price target on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a report on Tuesday, October 14th. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

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EverCommerce Company Profile

(Get Free Report)

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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