EverCommerce Inc. (NASDAQ:EVCM) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in EverCommerce Inc. (NASDAQ:EVCM) by 39.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 340,684 shares of the company’s stock after purchasing an additional 95,934 shares during the quarter. Dimensional Fund Advisors LP owned about 0.18% of EverCommerce worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of EverCommerce by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after purchasing an additional 9,595 shares in the last quarter. Edgestream Partners L.P. bought a new position in EverCommerce during the first quarter worth about $123,000. DekaBank Deutsche Girozentrale grew its position in EverCommerce by 57.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock worth $512,000 after acquiring an additional 20,000 shares during the last quarter. RIA Advisory Group LLC acquired a new position in shares of EverCommerce during the first quarter worth approximately $242,000. Finally, Vanguard Group Inc. lifted its holdings in EverCommerce by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after buying an additional 30,481 shares during the period. Institutional investors own 97.91% of the company’s stock.

EverCommerce Price Performance

EverCommerce stock opened at $10.11 on Friday. The stock has a 50-day moving average price of $10.33 and a two-hundred day moving average price of $10.20. The company has a market capitalization of $1.87 billion, a PE ratio of -48.14 and a beta of 1.08. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $177.39 million during the quarter, compared to the consensus estimate of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. EverCommerce’s revenue was up 4.3% on a year-over-year basis. Analysts expect that EverCommerce Inc. will post -0.09 EPS for the current year.

Insider Buying and Selling at EverCommerce

In other news, CEO Eric Richard Remer sold 5,436 shares of EverCommerce stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $10.09, for a total transaction of $54,849.24. Following the completion of the transaction, the chief executive officer now directly owns 8,100,550 shares in the company, valued at $81,734,549.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 41,799 shares of company stock valued at $438,333. Company insiders own 11.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted 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 Wednesday, August 7th. Evercore ISI lifted their target price on EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.45.

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.