EverCommerce Inc. (NASDAQ:EVCM) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in EverCommerce Inc. (NASDAQ:EVCM) by 3.7% during the 3rd quarter, Holdings Channel reports. The fund owned 627,277 shares of the company’s stock after selling 24,365 shares during the period. Geode Capital Management LLC’s holdings in EverCommerce were worth $6,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after acquiring an additional 95,934 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in EverCommerce during the third quarter valued at approximately $570,000. Edgestream Partners L.P. acquired a new position in EverCommerce in the third quarter valued at approximately $536,000. Finally, AQR Capital Management LLC boosted its position in EverCommerce by 394.8% in the 2nd quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock worth $611,000 after purchasing an additional 44,378 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Buying and Selling at EverCommerce

In related news, President Matthew David Feierstein sold 7,455 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.06, for a total value of $89,907.30. Following the completion of the sale, the president now owns 2,239,169 shares of the company’s stock, valued at approximately $27,004,378.14. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Richard Remer sold 5,988 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $10.11, for a total value of $60,538.68. Following the transaction, the chief executive officer now directly owns 8,089,640 shares in the company, valued at $81,786,260.40. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,123 shares of company stock worth $1,967,057. Corporate insiders own 11.60% of the company’s stock.

EverCommerce Stock Up 2.0 %

EVCM opened at $10.97 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The company has a market cap of $2.01 billion, a PE ratio of -39.18 and a beta of 1.12. The company has a 50-day moving average price of $11.50 and a 200 day moving average price of $10.95.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million during the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business’s revenue was up .9% compared to the same quarter last year. Sell-side analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVCM. Royal Bank of Canada lifted their target price on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays lifted their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Oppenheimer increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, JMP Securities upped their price target on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

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.