SG Americas Securities LLC Sells 1,041 Shares of EverCommerce Inc. (NASDAQ:EVCM)

SG Americas Securities LLC lessened its stake in EverCommerce Inc. (NASDAQ:EVCM) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,323 shares of the company’s stock after selling 1,041 shares during the quarter. SG Americas Securities LLC’s holdings in EverCommerce were worth $103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in 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 purchasing an additional 22,360 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in EverCommerce by 161.4% in the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after purchasing an additional 63,139 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in EverCommerce in the third quarter valued at about $570,000. Edgestream Partners L.P. bought a new stake in EverCommerce in the third quarter valued at about $536,000. Finally, Janus Henderson Group PLC increased its holdings in shares of EverCommerce by 1.2% in the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after acquiring an additional 3,837 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Eric Richard Remer sold 11,200 shares of EverCommerce stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $10.12, for a total value of $113,344.00. Following the completion of the transaction, the chief executive officer now owns 7,796,952 shares of the company’s stock, valued at $78,905,154.24. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Matthew David Feierstein sold 2,888 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.01, for a total transaction of $28,908.88. Following the completion of the sale, the president now directly owns 2,209,807 shares in the company, valued at approximately $22,120,168.07. The trade was a 0.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 170,791 shares of company stock valued at $1,867,708 in the last 90 days. 11.60% of the stock is currently owned by insiders.

EverCommerce Stock Up 0.2 %

EVCM stock opened at $10.93 on Thursday. The business has a 50-day moving average of $10.87 and a 200-day moving average of $10.80. 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 has a market capitalization of $2.01 billion, a P/E ratio of -39.03 and a beta of 1.13.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oppenheimer increased their price target on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada increased their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JMP Securities increased their price target on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Barclays increased their price target on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.56.

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.