SG Americas Securities LLC Increases Stock Position in EverCommerce Inc. (NASDAQ:EVCM)

SG Americas Securities LLC increased its holdings in shares of EverCommerce Inc. (NASDAQ:EVCM) by 220.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,886 shares of the company’s stock after purchasing an additional 20,563 shares during the period. SG Americas Securities LLC’s holdings in EverCommerce were worth $301,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in EverCommerce during the fourth quarter worth $29,000. Tower Research Capital LLC TRC increased its holdings in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after acquiring an additional 2,040 shares during the period. Deutsche Bank AG raised its position in shares of EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after acquiring an additional 3,667 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after purchasing an additional 3,106 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in EverCommerce during the fourth quarter valued at about $119,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EverCommerce news, insider Lisa E. Storey sold 2,941 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $11.39, for a total value of $33,497.99. Following the sale, the insider now directly owns 214,593 shares of the company’s stock, valued at approximately $2,444,214.27. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Richard Remer sold 4,789 shares of EverCommerce stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $10.02, for a total value of $47,985.78. Following the transaction, the chief executive officer now owns 5,364,663 shares of the company’s stock, valued at $53,753,923.26. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 239,751 shares of company stock valued at $2,430,446 over the last quarter. 10.40% of the stock is currently owned by company insiders.

EverCommerce Trading Up 3.5%

NASDAQ EVCM opened at $10.42 on Friday. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35. The company has a fifty day simple moving average of $10.09 and a two-hundred day simple moving average of $10.29. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.90 billion, a P/E ratio of -57.89 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The firm had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. During the same period in the previous year, the company earned ($0.09) earnings per share. EverCommerce’s revenue was down 16.3% on a year-over-year basis. On average, analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EVCM shares. Jefferies Financial Group reduced their target price on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Piper Sandler reduced their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group decreased their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 14th. Oppenheimer lowered their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Finally, Royal Bank Of Canada reduced their price target on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock 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 stock. According to MarketBeat.com, EverCommerce presently has a consensus rating of “Hold” and a consensus target price of $11.36.

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.