EverCommerce Inc. (NASDAQ:EVCM) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its holdings in EverCommerce Inc. (NASDAQ:EVCM) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 23,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in EverCommerce were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EVCM. Bank of New York Mellon Corp increased its holdings in shares of EverCommerce by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock valued at $1,859,000 after buying an additional 3,831 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of EverCommerce by 143.9% during the 3rd quarter. Great Lakes Advisors LLC now owns 142,627 shares of the company’s stock worth $1,431,000 after acquiring an additional 84,147 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of EverCommerce in the 3rd quarter worth $108,000. 97.91% of the stock is owned by institutional investors and hedge funds.

EverCommerce Stock Up 2.3 %

EVCM stock opened at $9.31 on Wednesday. The company has a 50 day moving average of $9.32 and a two-hundred day moving average of $9.61. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -40.48 and a beta of 1.06. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $13.47. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.64.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The company had revenue of $169.44 million during the quarter, compared to analyst estimates 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 analysts anticipate that EverCommerce Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at EverCommerce

In related news, CEO Eric Richard Remer sold 4,016 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $9.00, for a total value of $36,144.00. Following the completion of the sale, the chief executive officer now owns 1,292,061 shares of the company’s stock, valued at approximately $11,628,549. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 22,345 shares of company stock valued at $209,568 in the last three months. Corporate insiders own 11.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EVCM. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a report on Friday, March 15th. Royal Bank of Canada reduced their price objective 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 target price (down from $11.00) on shares of EverCommerce in a report on Friday, March 15th. Barclays cut their price target on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price objective 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 issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.13.

EverCommerce 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.