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

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

A number of other hedge funds have also made changes to their positions in the company. 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 holdings in shares of EverCommerce by 10.6% in 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the last quarter. RIA Advisory Group LLC purchased a new position in shares of EverCommerce during the 3rd quarter worth approximately $241,000. Finally, Edgestream Partners L.P. acquired a new position in shares of EverCommerce during the 3rd quarter worth approximately $536,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EVCM shares. Piper Sandler raised their price target on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their price objective on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Oppenheimer upped their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays lifted their price target on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, JMP Securities upped their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, EverCommerce presently has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Insider Activity at EverCommerce

In other news, President Matthew David Feierstein sold 20,401 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total value of $220,534.81. Following the completion of the sale, the president now owns 2,217,294 shares in the company, valued at approximately $23,968,948.14. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Richard Remer sold 6,024 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $10.20, for a total value of $61,444.80. Following the transaction, the chief executive officer now directly owns 7,867,483 shares in the company, valued at $80,248,326.60. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,055 shares of company stock worth $1,977,541. Company insiders own 11.60% of the company’s stock.

EverCommerce Stock Performance

Shares of EVCM stock opened at $10.27 on Monday. 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 $1.88 billion, a price-to-earnings ratio of -36.68 and a beta of 1.14. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The company has a 50 day moving average price of $11.37 and a 200 day moving average price of $10.95.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $176.26 million during the quarter, compared to analysts’ expectations of $174.87 million. The firm’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current 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.