Charles Schwab Investment Management Inc. Purchases 1,092 Shares of EverCommerce Inc. (NASDAQ:EVCM)

Charles Schwab Investment Management Inc. grew its stake in shares of EverCommerce Inc. (NASDAQ:EVCM) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,587 shares of the company’s stock after buying an additional 1,092 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.09% of EverCommerce worth $1,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EVCM. JPMorgan Chase & Co. lifted its position in shares of EverCommerce by 161.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after purchasing an additional 63,139 shares during the period. Barclays PLC grew its holdings in shares of EverCommerce by 305.6% during 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 during the last quarter. State Street Corp lifted its holdings in shares of EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after purchasing an additional 12,156 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in 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 purchasing an additional 3,837 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in EverCommerce in the third quarter worth about $536,000. Institutional investors own 97.91% of the company’s stock.

Insider Activity

In other EverCommerce news, President Matthew David Feierstein sold 2,888 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.01, for a total value of $28,908.88. Following the completion of the sale, the president now owns 2,209,807 shares in the company, valued at approximately $22,120,168.07. This represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Richard Remer sold 7,026 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.94, for a total value of $76,864.44. Following the transaction, the chief executive officer now directly owns 7,758,632 shares in the company, valued at $84,879,434.08. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 239,363 shares of company stock valued at $2,439,272 in the last three months. 11.60% of the stock is currently owned by corporate insiders.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $10.12 on Friday. The business has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $10.69. The company has a market cap of $1.86 billion, a PE ratio of -36.14 and a beta of 1.12. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. As a group, equities analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group reduced their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Piper Sandler lowered their price target on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Oppenheimer lowered their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, March 14th. The Goldman Sachs Group lowered their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Finally, Barclays cut their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.09.

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.