EverCommerce Inc. (NASDAQ:EVCM) CFO Marc Christopher Thompson Sells 1,947 Shares

EverCommerce Inc. (NASDAQ:EVCM) CFO Marc Christopher Thompson sold 1,947 shares of EverCommerce stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $11.07, for a total transaction of $21,553.29. Following the sale, the chief financial officer now directly owns 1,189,912 shares of the company’s stock, valued at approximately $13,172,325.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Marc Christopher Thompson also recently made the following trade(s):

• On Friday, June 7th, Marc Christopher Thompson sold 4,384 shares of EverCommerce stock. The shares were sold at an average price of $9.52, for a total value of $41,735.68.
• On Tuesday, June 4th, Marc Christopher Thompson sold 1,867 shares of EverCommerce stock. The stock was sold at an average price of $9.50, for a total value of $17,736.50.
• On Tuesday, May 28th, Marc Christopher Thompson sold 4,701 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total value of $47,762.16.

EverCommerce Stock Down 0.9 %

Shares of NASDAQ:EVCM opened at $11.14 on Thursday. The business’s 50-day moving average is $9.99 and its 200 day moving average is $9.82. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.66. EverCommerce Inc. has a 1 year low of $6.22 and a 1 year high of $12.32.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $170.10 million for the quarter, compared to analyst estimates of $162.11 million. EverCommerce had a negative net margin of 6.02% and a negative return on equity of 4.92%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. On average, analysts anticipate that EverCommerce Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in EverCommerce during the 4th quarter valued at about $135,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of EverCommerce during the fourth quarter worth about $391,000. Raymond James Financial Services Advisors Inc. boosted its position in EverCommerce by 7.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after buying an additional 1,500 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in EverCommerce by 42.9% in the 4th quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock worth $2,249,000 after buying an additional 61,236 shares during the period. Finally, Vanguard Group Inc. raised its position in EverCommerce by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock worth $15,684,000 after buying an additional 30,481 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Oppenheimer increased their price objective on shares of EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Royal Bank of Canada dropped their target price on EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Finally, Barclays reduced their price target on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 15th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.40.

About EverCommerce

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.