Charles Schwab Investment Management Inc. Has $1.74 Million Stock Holdings in EverCommerce Inc. (NASDAQ:EVCM)

Charles Schwab Investment Management Inc. reduced its stake in EverCommerce Inc. (NASDAQ:EVCM) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,495 shares of the company’s stock after selling 8,464 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.09% of EverCommerce worth $1,735,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in EverCommerce in the third quarter worth $107,000. The Manufacturers Life Insurance Company increased its position in shares of EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after acquiring an additional 2,700 shares during the last quarter. RIA Advisory Group LLC bought a new position in EverCommerce in the 3rd quarter valued at about $241,000. Finally, DekaBank Deutsche Girozentrale bought a new position in EverCommerce during the 3rd quarter valued at $570,000. 97.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

EverCommerce Stock Down 1.6 %

Shares of NASDAQ:EVCM opened at $12.01 on Tuesday. The stock has a 50 day moving average price of $11.27 and a 200-day moving average price of $10.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $2.20 billion, a P/E ratio of -42.89 and a beta of 1.12. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35.

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

Insider Buying and Selling

In other news, President Matthew David Feierstein sold 7,455 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.06, for a total transaction 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 $27,004,378.14. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric Richard Remer sold 7,099 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $10.69, for a total transaction of $75,888.31. Following the sale, the chief executive officer now directly owns 8,124,163 shares of the company’s stock, valued at approximately $86,847,302.47. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,421 shares of company stock worth $1,792,578 in the last quarter. Corporate insiders own 11.60% of the company’s stock.

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.