EverCommerce Inc. (NASDAQ:EVCM) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in EverCommerce Inc. (NASDAQ:EVCM) by 305.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,677 shares of the company’s stock after purchasing an additional 22,360 shares during the quarter. Barclays PLC’s holdings in EverCommerce were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EVCM. Millennium Management LLC increased its stake in shares of EverCommerce by 673.4% in the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after acquiring an additional 281,551 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of EverCommerce in the third quarter valued at about $570,000. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 95,934 shares during the last quarter. Edgestream Partners L.P. purchased a new position in EverCommerce during the third quarter worth about $536,000. Finally, Janus Henderson Group PLC boosted its holdings in EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after purchasing an additional 3,837 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 20,401 shares of EverCommerce stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total transaction of $220,534.81. Following the completion of the sale, the president now directly owns 2,217,294 shares of the company’s stock, valued at $23,968,948.14. The trade was a 0.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Richard Remer sold 5,988 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $10.11, for a total value of $60,538.68. Following the completion of the transaction, the chief executive officer now owns 8,089,640 shares in the company, valued at approximately $81,786,260.40. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 174,123 shares of company stock valued at $1,967,057. 11.60% of the stock is currently owned by corporate insiders.

EverCommerce Price Performance

Shares of EVCM opened at $10.97 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of -39.18 and a beta of 1.12. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average price is $11.50 and its 200 day moving average price is $10.96.

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

EverCommerce Company 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.