Goldman Sachs Group Inc. Has $689,000 Stake in EverCommerce Inc. $EVCM

Goldman Sachs Group Inc. trimmed its holdings in shares of EverCommerce Inc. (NASDAQ:EVCM) by 15.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,360 shares of the company’s stock after selling 12,652 shares during the quarter. Goldman Sachs Group Inc.’s holdings in EverCommerce were worth $689,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EVCM. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce in the fourth quarter valued at about $29,000. Deutsche Bank AG grew its position in shares of EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the last quarter. GAMMA Investing LLC grew its position in shares of EverCommerce by 838.8% in the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company’s stock valued at $706,000 after purchasing an additional 6,358 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of EverCommerce in the first quarter valued at about $102,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in EverCommerce during the fourth quarter worth about $119,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Ryan H. Siurek sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $10.62, for a total transaction of $106,200.00. Following the transaction, the chief financial officer directly owned 245,549 shares of the company’s stock, valued at approximately $2,607,730.38. This trade represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matthew David Feierstein sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $11.24, for a total transaction of $281,000.00. Following the transaction, the president directly owned 2,211,383 shares in the company, valued at $24,855,944.92. This represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,900 shares of company stock valued at $3,216,724. 10.40% of the stock is owned by company insiders.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $11.67 on Thursday. The firm has a fifty day moving average of $11.26 and a two-hundred day moving average of $10.51. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -97.24, a PEG ratio of 10.07 and a beta of 1.06. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.37 and a current ratio of 2.37.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $148.02 million during the quarter, compared to analysts’ expectations of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

EVCM has been the topic of a number of recent research reports. Piper Sandler lifted their target price on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Zacks Research raised EverCommerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $13.00 target price (up from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

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.