56,648 Shares in EverCommerce Inc. $EVCM Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in EverCommerce Inc. (NASDAQ:EVCM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 56,648 shares of the company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG raised its holdings in shares of EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after buying an additional 5,770 shares during the last quarter. Nuveen LLC acquired a new position in EverCommerce during the 1st quarter worth $493,000. Martingale Asset Management L P bought a new position in shares of EverCommerce in the first quarter worth $202,000. Woodline Partners LP increased its holdings in shares of EverCommerce by 4.7% during the first quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after purchasing an additional 25,412 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of EverCommerce during the second quarter valued at $5,039,000. Institutional investors own 97.91% of the company’s stock.

EverCommerce Trading Down 1.2%

Shares of NASDAQ:EVCM opened at $11.95 on Wednesday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -1,193.81, a PEG ratio of 6.09 and a beta of 1.07. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The company has a 50 day moving average price of $10.36 and a 200 day moving average price of $10.74.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EVCM shares. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Barclays decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Royal Bank Of Canada dropped their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average target price of $11.00.

Insiders Place Their Bets

In related news, CEO Eric Richard Remer sold 32,706 shares of EverCommerce stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $9.87, for a total value of $322,808.22. Following the transaction, the chief executive officer owned 2,833,139 shares of the company’s stock, valued at approximately $27,963,081.93. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Matthew David Feierstein sold 25,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $11.38, for a total value of $284,500.00. Following the sale, the president owned 2,148,295 shares in the company, valued at approximately $24,447,597.10. The trade was a 1.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,786 shares of company stock worth $3,308,111 over the last 90 days. Insiders own 10.40% of the company’s stock.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.