DekaBank Deutsche Girozentrale Purchases New Holdings in EverCommerce Inc. (NASDAQ:EVCM)

DekaBank Deutsche Girozentrale purchased a new stake in shares of EverCommerce Inc. (NASDAQ:EVCM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,000 shares of the company’s stock, valued at approximately $391,000.

Other large investors also recently bought and sold shares of the company. Great Lakes Advisors LLC increased its stake in EverCommerce by 143.9% during the 3rd quarter. Great Lakes Advisors LLC now owns 142,627 shares of the company’s stock valued at $1,431,000 after purchasing an additional 84,147 shares in the last quarter. Bank of New York Mellon Corp increased its stake in EverCommerce by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock valued at $1,859,000 after purchasing an additional 3,831 shares in the last quarter. Strs Ohio bought a new stake in EverCommerce during the 3rd quarter valued at about $108,000. Legal & General Group Plc increased its stake in EverCommerce by 196.6% during the 2nd quarter. Legal & General Group Plc now owns 8,707 shares of the company’s stock valued at $79,000 after purchasing an additional 5,771 shares in the last quarter. Finally, UBS Group AG increased its stake in EverCommerce by 219.7% during the 4th quarter. UBS Group AG now owns 8,667 shares of the company’s stock valued at $64,000 after purchasing an additional 5,956 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Stock Performance

EVCM opened at $8.59 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -37.35 and a beta of 1.06. The company’s 50 day moving average is $9.43 and its 200 day moving average is $9.66. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $13.47.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $169.44 million during the quarter, compared to analysts’ expectations of $172.41 million. EverCommerce had a negative return on equity of 5.35% and a negative net margin of 6.75%. On average, equities research analysts predict that EverCommerce Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO Eric Richard Remer sold 4,016 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.00, for a total value of $36,144.00. Following the transaction, the chief executive officer now owns 1,292,061 shares of the company’s stock, valued at $11,628,549. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 22,345 shares of company stock valued at $209,568. 11.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EVCM shares. Barclays reduced their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 15th. Royal Bank of Canada reduced their price target on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Piper Sandler reiterated a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a research note on Friday, March 15th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $12.00 price target on shares of EverCommerce in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce has a consensus rating of “Hold” and a consensus target price of $11.13.

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.