EverCommerce Inc. (NASDAQ:EVCM) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of EverCommerce Inc. (NASDAQ:EVCM - Free Report) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,010 shares of the company's stock after acquiring an additional 49,745 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of EverCommerce worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company's stock valued at $5,335,000 after buying an additional 12,156 shares in the last quarter. Barclays PLC increased its holdings in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company's stock worth $307,000 after buying an additional 22,360 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in EverCommerce by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after purchasing an additional 1,092 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EverCommerce in the 4th quarter valued at approximately $694,000. Finally, American Century Companies Inc. increased its position in shares of EverCommerce by 32.3% during the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock valued at $251,000 after purchasing an additional 5,554 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

EverCommerce Stock Down 2.8 %

Shares of EVCM traded down $0.29 during trading hours on Tuesday, hitting $9.97. The company had a trading volume of 215,007 shares, compared to its average volume of 135,054. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35. The company's fifty day moving average price is $9.93 and its two-hundred day moving average price is $10.64. The company has a market capitalization of $1.83 billion, a PE ratio of -35.61 and a beta of 1.06. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly 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 for 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%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) earnings per share. As a group, equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at EverCommerce

In related news, CEO Eric Richard Remer sold 7,026 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $10.94, for a total transaction of $76,864.44. Following the completion of the transaction, the chief executive officer now directly owns 7,758,632 shares in the company, valued at $84,879,434.08. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the president now directly owns 2,209,807 shares of the company's stock, valued at approximately $22,120,168.07. This trade represents a 0.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 265,310 shares of company stock worth $2,663,891. 11.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EVCM shares. Royal Bank of Canada lowered their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Jefferies Financial Group cut their target price on EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. Oppenheimer dropped their price objective on EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Barclays decreased their target price on EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Finally, The Goldman Sachs Group cut their price target on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.09.

EverCommerce Company 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.