EverCommerce (NASDAQ:EVCM - Get Free Report) had its target price decreased by stock analysts at Oppenheimer from $13.00 to $12.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's price target points to a potential upside of 20.24% from the stock's previous close.
EverCommerce Stock Performance
Shares of EVCM stock traded up $0.01 during trading on Friday, reaching $9.98. The company had a trading volume of 134,176 shares, compared to its average volume of 135,213. The firm's 50 day simple moving average is $10.15 and its two-hundred day simple moving average is $10.71. 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 has a one year low of $8.10 and a one year high of $12.35. The company has a market capitalization of $1.83 billion, a PE ratio of -35.64 and a beta of 1.12.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) EPS. Sell-side analysts forecast that EverCommerce will post -0.17 earnings per share for the current year.
Insider Buying and Selling
In other 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 transaction of $28,908.88. Following the transaction, the president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric Richard Remer sold 10,117 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $9.05, for a total transaction of $91,558.85. Following the transaction, the chief executive officer now owns 7,686,872 shares in the company, valued at approximately $69,566,191.60. The trade was a 0.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,735 shares of company stock worth $1,864,596 in the last quarter. 11.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of EverCommerce by 0.7% during 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. Tower Research Capital LLC TRC boosted its position in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after acquiring an additional 2,040 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the 4th quarter valued at about $29,000. Wells Fargo & Company MN boosted its position in shares of EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after acquiring an additional 3,106 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of EverCommerce by 11.2% during the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock valued at $363,000 after acquiring an additional 3,312 shares in the last quarter. Institutional investors own 97.91% of the company's stock.
EverCommerce Company Profile
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Get Free Report)
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.
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