46,980 Shares in EverCommerce Inc. (NASDAQ:EVCM) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in EverCommerce Inc. (NASDAQ:EVCM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 46,980 shares of the company's stock, valued at approximately $517,000.

A number of other large investors have also recently modified their holdings of EVCM. State Street Corp lifted its position in 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after purchasing an additional 1,092 shares during the period. JPMorgan Chase & Co. increased its position in shares of EverCommerce by 48.6% during the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock valued at $1,695,000 after buying an additional 49,745 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in EverCommerce by 84.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company's stock worth $1,468,000 after buying an additional 61,144 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in EverCommerce during the 4th quarter valued at approximately $694,000. Institutional investors own 97.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reduced their price target on EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Jefferies Financial Group decreased their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a report on Friday, March 14th. The Goldman Sachs Group decreased 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. Piper Sandler reduced their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Barclays lowered their price objective on shares of 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $11.09.

Insider Buying and Selling

In related news, President Matthew David Feierstein sold 2,888 shares of the business's 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Richard Remer sold 7,134 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $10.02, for a total transaction of $71,482.68. Following the completion of the sale, the chief executive officer now directly owns 7,536,163 shares in the company, valued at $75,512,353.26. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,521 shares of company stock worth $2,765,729 in the last 90 days. Insiders own 11.60% of the company's stock.

EverCommerce Stock Performance

EVCM traded down $0.12 on Friday, reaching $9.96. 131,976 shares of the stock were exchanged, compared to its average volume of 136,007. The company's 50-day moving average price is $10.04 and its 200 day moving average price is $10.63. 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 firm has a market capitalization of $1.83 billion, a PE ratio of -35.57 and a beta of 1.06. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $175.00 million during the quarter, compared to analysts' expectations of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) EPS. As a group, sell-side analysts forecast that EverCommerce Inc. will post -0.17 EPS 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.