EverCommerce Inc. (NASDAQ:EVCM) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of EverCommerce Inc. (NASDAQ:EVCM - Free Report) by 161.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,265 shares of the company's stock after buying an additional 63,139 shares during the period. JPMorgan Chase & Co. owned about 0.06% of EverCommerce worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in EverCommerce during the third quarter worth about $107,000. The Manufacturers Life Insurance Company increased its stake in shares of EverCommerce by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock worth $125,000 after purchasing an additional 1,089 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company's stock worth $182,000 after purchasing an additional 2,700 shares during the last quarter. RIA Advisory Group LLC purchased a new stake in EverCommerce in the 3rd quarter valued at approximately $241,000. Finally, Barclays PLC grew its holdings in EverCommerce by 305.6% during the 3rd 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. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce Trading Up 0.3 %

NASDAQ:EVCM traded up $0.03 during trading hours on Friday, reaching $10.33. 73,405 shares of the company were exchanged, compared to its average volume of 63,727. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35. The stock has a 50 day simple moving average of $11.25 and a 200 day simple moving average of $10.92. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -36.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

EverCommerce (NASDAQ:EVCM - Get Free Report) 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). The firm had revenue of $176.26 million during the quarter, compared to analysts' expectations of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm's quarterly revenue was up .9% on a year-over-year basis. As a group, analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Insider Transactions at EverCommerce

In other news, President Matthew David Feierstein sold 7,455 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $12.06, for a total value of $89,907.30. Following the transaction, the president now owns 2,239,169 shares of the company's stock, valued at approximately $27,004,378.14. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric Richard Remer sold 4,400 shares of the company's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $10.67, for a total transaction of $46,948.00. Following the sale, the chief executive officer now directly owns 8,060,240 shares of the company's stock, valued at approximately $86,002,760.80. This trade represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,524 shares of company stock worth $2,074,468. 11.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada boosted 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. 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. JMP Securities boosted their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 13th. Finally, Piper Sandler raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.