Alliancebernstein L.P. Decreases Stock Holdings in EverCommerce Inc. (NASDAQ:EVCM)

Alliancebernstein L.P. reduced its holdings in EverCommerce Inc. (NASDAQ:EVCM) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,790 shares of the company’s stock after selling 1,080 shares during the period. Alliancebernstein L.P.’s holdings in EverCommerce were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EVCM. American Century Companies Inc. boosted its holdings in EverCommerce by 32.3% during the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company’s stock valued at $251,000 after acquiring an additional 5,554 shares during the period. Barclays PLC raised its position in EverCommerce by 305.6% during 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EverCommerce in the 4th quarter worth $694,000. JPMorgan Chase & Co. grew its position in shares of EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after buying an additional 63,139 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of EverCommerce by 84.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock valued at $1,468,000 after buying an additional 61,144 shares during the period. 97.91% of the stock is currently owned by institutional investors.

Insider Activity at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 5,513 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.07, for a total value 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. This represents a 0.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Richard Remer sold 10,117 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $9.05, for a total value of $91,558.85. Following the completion of the sale, the chief executive officer now directly owns 7,686,872 shares of the company’s stock, valued at approximately $69,566,191.60. The trade was a 0.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,521 shares of company stock valued at $2,765,729 over the last 90 days. 11.60% of the stock is currently owned by corporate insiders.

EverCommerce Trading Down 1.2 %

Shares of EVCM stock opened at $9.96 on Monday. The firm’s 50-day simple moving average is $10.02 and its 200-day simple moving average is $10.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35. The firm has a market cap of $1.83 billion, a P/E ratio of -35.57 and a beta of 1.06.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company 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 revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. As a group, equities analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Royal Bank of Canada dropped their target price on 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 decreased their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Oppenheimer dropped their price target on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Finally, Barclays decreased their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.09.

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.