DekaBank Deutsche Girozentrale Purchases Shares of 55,000 EverCommerce Inc. (NASDAQ:EVCM)

DekaBank Deutsche Girozentrale acquired a new position in EverCommerce Inc. (NASDAQ:EVCM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,000 shares of the company's stock, valued at approximately $570,000.

Several other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of EverCommerce in the 3rd quarter worth approximately $107,000. Edgestream Partners L.P. purchased a new stake in shares of EverCommerce in the first quarter valued at $123,000. The Manufacturers Life Insurance Company lifted its holdings in shares of EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock worth $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 period. Finally, RIA Advisory Group LLC purchased a new stake in EverCommerce in the 1st quarter worth about $242,000. Hedge funds and other institutional investors own 97.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI boosted their target price on EverCommerce from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on EverCommerce from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.45.

Insider Buying and Selling

In other EverCommerce news, CEO Eric Richard Remer sold 5,065 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $10.57, for a total value of $53,537.05. Following the completion of the sale, the chief executive officer now directly owns 8,050,475 shares in the company, valued at $85,093,520.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 60,298 shares of company stock worth $633,516. 11.60% of the stock is owned by insiders.

EverCommerce Stock Performance

NASDAQ:EVCM traded up $0.19 during midday trading on Friday, hitting $10.71. The company's stock had a trading volume of 84,164 shares, compared to its average volume of 65,905. The firm has a market cap of $1.97 billion, a P/E ratio of -46.57 and a beta of 1.07. The firm's 50 day moving average is $10.44 and its 200-day moving average is $10.37. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.68 and a quick ratio of 1.68.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The business had revenue of $177.39 million for the quarter, compared to analysts' expectations of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that EverCommerce Inc. will post -0.09 earnings per share for the current fiscal year.

About EverCommerce

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.