EverCommerce Inc. (NASDAQ:EVCM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of EverCommerce Inc. (NASDAQ:EVCM) by 161.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 102,265 shares of the company’s stock after acquiring an additional 63,139 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of EverCommerce worth $1,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EVCM. SG Americas Securities LLC acquired a new stake in EverCommerce in the 3rd quarter valued at about $107,000. The Manufacturers Life Insurance Company lifted its stake in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after purchasing an additional 1,089 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after buying an additional 2,700 shares in the last quarter. RIA Advisory Group LLC acquired a new position in EverCommerce in the third quarter worth approximately $241,000. Finally, Barclays PLC increased its holdings in shares of EverCommerce by 305.6% in the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after buying an additional 22,360 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at EverCommerce

In related news, President Matthew David Feierstein sold 20,401 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total transaction of $220,534.81. Following the transaction, the president now owns 2,217,294 shares of the company’s stock, valued at approximately $23,968,948.14. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Richard Remer sold 8,552 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $10.21, for a total transaction of $87,315.92. Following the completion of the sale, the chief executive officer now directly owns 7,848,830 shares of the company’s stock, valued at $80,136,554.30. This represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,524 shares of company stock valued at $2,074,468. 11.60% of the stock is owned by insiders.

EverCommerce Trading Up 0.3 %

NASDAQ:EVCM opened at $10.33 on Friday. The stock has a market cap of $1.90 billion, a PE ratio of -36.89 and a beta of 1.14. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The stock’s 50-day moving average is $11.25 and its two-hundred day moving average is $10.92.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $174.87 million. The firm’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

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.