EverCommerce Inc. (NASDAQ:EVCM) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in EverCommerce Inc. (NASDAQ:EVCM) by 305.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,677 shares of the company’s stock after purchasing an additional 22,360 shares during the period. Barclays PLC’s holdings in EverCommerce were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EVCM. Bank of New York Mellon Corp lifted its holdings in shares of EverCommerce by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after buying an additional 9,595 shares during the period. Dimensional Fund Advisors LP lifted its holdings in EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after acquiring an additional 95,934 shares during the period. Renaissance Technologies LLC boosted its position in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of EverCommerce by 394.8% during the 2nd quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock worth $611,000 after purchasing an additional 44,378 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of EverCommerce by 673.4% in the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

EVCM has been the topic of a number of research analyst reports. JMP Securities boosted their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays lifted their price objective on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Piper Sandler upped their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Oppenheimer lifted their price target on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.56.

Insider Activity

In related news, President Matthew David Feierstein sold 20,401 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total value of $220,534.81. Following the sale, the president now directly owns 2,217,294 shares of the company’s stock, valued at approximately $23,968,948.14. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Richard Remer sold 4,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $10.37, for a total transaction of $43,554.00. Following the transaction, the chief executive officer now directly owns 8,068,540 shares of the company’s stock, valued at $83,670,759.80. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,123 shares of company stock valued at $1,967,057 over the last quarter. Company insiders own 11.60% of the company’s stock.

EverCommerce Price Performance

EverCommerce stock opened at $10.97 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of -39.18 and a beta of 1.12. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The firm’s 50-day moving average is $11.50 and its two-hundred day moving average is $10.96.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

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.