Tudor Investment Corp ET AL Grows Stock Holdings in EverCommerce Inc. $EVCM

Tudor Investment Corp ET AL lifted its holdings in EverCommerce Inc. (NASDAQ:EVCM) by 200.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,553 shares of the company’s stock after acquiring an additional 83,794 shares during the period. Tudor Investment Corp ET AL owned approximately 0.07% of EverCommerce worth $1,397,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EVCM. Federated Hermes Inc. boosted its position in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue purchased a new position in EverCommerce in the third quarter valued at about $91,000. R Squared Ltd acquired a new position in shares of EverCommerce during the third quarter worth about $122,000. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of EverCommerce in the second quarter worth about $159,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $11.36 on Monday. The business has a 50 day moving average price of $11.20 and a two-hundred day moving average price of $11.05. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market cap of $2.02 billion, a PE ratio of 126.24, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $151.15 million for the quarter, compared to analysts’ expectations of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) earnings per share. Sell-side analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVCM has been the topic of several analyst reports. Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. The Goldman Sachs Group dropped their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings upgraded shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.71.

Insiders Place Their Bets

In other news, CEO Eric Richard Remer sold 19,200 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total value of $221,184.00. Following the completion of the sale, the chief executive officer owned 2,760,818 shares of the company’s stock, valued at approximately $31,804,623.36. The trade was a 0.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 314,374 shares of company stock worth $3,548,452. 10.40% of the stock is owned by company insiders.

About EverCommerce

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.