EverCommerce Inc. (NASDAQ:EVCM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in EverCommerce Inc. (NASDAQ:EVCM) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,753 shares of the company’s stock after purchasing an additional 5,554 shares during the quarter. American Century Companies Inc.’s holdings in EverCommerce were worth $251,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EVCM. Charles Schwab Investment Management Inc. grew its holdings in shares of EverCommerce by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after buying an additional 1,092 shares during the last quarter. State Street Corp grew its stake in shares of EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after purchasing an additional 12,156 shares during the last quarter. Barclays PLC grew its stake in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of EverCommerce in the fourth quarter valued at approximately $694,000. Finally, JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after purchasing an additional 63,139 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce Stock Performance

Shares of EVCM stock opened at $10.09 on Monday. The stock has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $1.85 billion, a PE ratio of -36.03 and a beta of 1.06. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. Sell-side analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 21,624 shares of EverCommerce stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $10.13, for a total value of $219,051.12. Following the completion of the sale, the president now owns 2,370,628 shares in the company, valued at $24,014,461.64. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric Richard Remer sold 8,149 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $9.41, for a total transaction of $76,682.09. Following the transaction, the chief executive officer now directly owns 7,560,663 shares of the company’s stock, valued at $71,145,838.83. This trade represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,758 shares of company stock valued at $2,729,767 over the last quarter. Insiders own 11.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EVCM shares. Royal Bank of Canada dropped their price objective on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. 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 note on Friday, March 14th. Oppenheimer reduced their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Piper Sandler lowered their price objective on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Barclays cut their target price on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Two 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.09.

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.