Mayflower Financial Advisors LLC Sells 43,623 Shares of EverCommerce Inc. (NASDAQ:EVCM)

Mayflower Financial Advisors LLC lessened its stake in shares of EverCommerce Inc. (NASDAQ:EVCM - Free Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,106 shares of the company's stock after selling 43,623 shares during the quarter. Mayflower Financial Advisors LLC owned 0.06% of EverCommerce worth $1,124,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EVCM. State Street Corp increased its holdings in shares of EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company's stock worth $5,335,000 after buying an additional 12,156 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock valued at $3,740,000 after buying an additional 95,934 shares in the last quarter. Millennium Management LLC lifted its position in EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company's stock worth $3,550,000 after buying an additional 281,551 shares in the last quarter. Janus Henderson Group PLC grew its holdings in EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after acquiring an additional 3,837 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in EverCommerce by 161.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock valued at $1,059,000 after acquiring an additional 63,139 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

EverCommerce Stock Up 0.5 %

Shares of NASDAQ:EVCM traded up $0.05 during midday trading on Friday, reaching $10.14. 118,701 shares of the company were exchanged, compared to its average volume of 69,818. The firm has a market cap of $1.86 billion, a PE ratio of -36.21 and a beta of 1.14. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The stock has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.89.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. The business's revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

EVCM has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Piper Sandler lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Barclays raised their target price on shares of EverCommerce from $9.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. JMP Securities raised their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a "market outperform" rating in a research note on Wednesday, November 13th. Finally, Oppenheimer lifted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, EverCommerce presently has a consensus rating of "Moderate Buy" and an average target price of $12.56.

Insider Transactions at EverCommerce

In other news, President Matthew David Feierstein sold 20,401 shares of EverCommerce stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total value of $220,534.81. Following the completion of the transaction, the president now owns 2,217,294 shares of the company's stock, valued at $23,968,948.14. This trade represents a 0.91 % 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 4,464 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $12.06, for a total value of $53,835.84. Following the transaction, the chief executive officer now directly owns 7,921,059 shares in the company, valued at approximately $95,527,971.54. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 194,762 shares of company stock valued at $2,178,764 over the last 90 days. 11.60% of the stock is owned by corporate insiders.

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.