Marc Christopher Thompson Sells 1,947 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CFO Marc Christopher Thompson sold 1,947 shares of EverCommerce stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $11.07, for a total transaction of $21,553.29. Following the completion of the sale, the chief financial officer now owns 1,189,912 shares in the company, valued at $13,172,325.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Marc Christopher Thompson also recently made the following trade(s):

• On Friday, June 7th, Marc Christopher Thompson sold 4,384 shares of EverCommerce stock. The shares were sold at an average price of $9.52, for a total value of $41,735.68.
• On Tuesday, June 4th, Marc Christopher Thompson sold 1,867 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total value of $17,736.50.
• On Tuesday, May 28th, Marc Christopher Thompson sold 4,701 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total value of $47,762.16.

EverCommerce Trading Down 0.9 %

EverCommerce stock opened at $11.14 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.66. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.32. The stock’s 50 day moving average is $10.03 and its 200-day moving average is $9.83.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $170.10 million during the quarter, compared to analyst estimates of $162.11 million. EverCommerce had a negative net margin of 6.02% and a negative return on equity of 4.92%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) earnings per share. As a group, sell-side analysts expect that EverCommerce Inc. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently bought and sold shares of the business. Great Lakes Advisors LLC increased its position in shares of EverCommerce by 42.9% in the fourth quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock worth $2,249,000 after purchasing an additional 61,236 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of EverCommerce in the 4th quarter valued at $391,000. Vanguard Group Inc. boosted its holdings in shares of EverCommerce by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after purchasing an additional 30,481 shares in the last quarter. RIA Advisory Group LLC bought a new position in shares of EverCommerce in the 1st quarter valued at $242,000. Finally, Edgestream Partners L.P. acquired a new position in shares of EverCommerce during the 1st quarter worth $123,000. 97.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada cut their price objective on EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Canaccord Genuity Group increased their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Barclays lowered their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 15th. Oppenheimer raised their target price on shares of EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Piper Sandler reissued a “neutral” rating and set a $10.00 target price on shares of EverCommerce in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.40.

About EverCommerce

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.