63,000 Shares in EverCommerce Inc. (NASDAQ:EVCM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of EverCommerce Inc. (NASDAQ:EVCM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 63,000 shares of the company's stock, valued at approximately $694,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its position in EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after purchasing an additional 3,837 shares during the last quarter. State Street Corp boosted its position 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 during the period. Barclays PLC grew its holdings in 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 in the last quarter. 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after acquiring an additional 1,092 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Eric Richard Remer sold 5,713 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.15, for a total value of $57,986.95. Following the completion of the transaction, the chief executive officer now owns 7,880,059 shares of the company's stock, valued at approximately $79,982,598.85. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Matthew David Feierstein sold 5,513 shares of EverCommerce stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.07, for a total transaction of $55,515.91. Following the transaction, the president now owns 2,187,695 shares in the company, valued at approximately $22,030,088.65. The trade was a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,758 shares of company stock valued at $2,729,767. 11.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer decreased their price target on EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Piper Sandler decreased their target price on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group dropped their price target on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Royal Bank of Canada reduced their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.09.

EverCommerce Price Performance

NASDAQ:EVCM traded up $0.16 during trading hours on Friday, reaching $10.09. 152,381 shares of the company's stock were exchanged, compared to its average volume of 137,009. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.85 billion, a P/E ratio of -36.03 and a beta of 1.06. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The business's 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $10.64.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $175.00 million for 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 period in the prior year, the business earned ($0.12) earnings per share. Sell-side analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

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.