EverCommerce Inc. (NASDAQ:EVCM) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in EverCommerce Inc. (NASDAQ:EVCM) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,000 shares of the company’s stock after buying an additional 1,500 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in EverCommerce were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new position in EverCommerce in the third quarter worth approximately $108,000. Great Lakes Advisors LLC lifted its stake in shares of EverCommerce by 143.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 142,627 shares of the company’s stock valued at $1,431,000 after purchasing an additional 84,147 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of EverCommerce by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock worth $1,859,000 after purchasing an additional 3,831 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on EVCM shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 price objective (down from $11.00) on shares of EverCommerce in a report on Friday, March 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Barclays lowered their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 15th. JMP Securities reiterated a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a report on Friday, March 15th. Finally, Royal Bank of Canada dropped their price target on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.13.

EverCommerce Trading Up 2.3 %

NASDAQ EVCM opened at $9.31 on Wednesday. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $13.47. The firm has a 50 day moving average of $9.32 and a two-hundred day moving average of $9.61. The stock has a market capitalization of $1.74 billion, a PE ratio of -40.48 and a beta of 1.06. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.64.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, March 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). EverCommerce had a negative return on equity of 5.35% and a negative net margin of 6.75%. The firm had revenue of $169.44 million for the quarter, compared to analyst estimates of $172.41 million. As a group, research analysts expect that EverCommerce Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at EverCommerce

In related news, CEO Eric Richard Remer sold 3,794 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $9.61, for a total value of $36,460.34. Following the completion of the transaction, the chief executive officer now directly owns 1,305,407 shares of the company’s stock, valued at $12,544,961.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 22,345 shares of company stock valued at $209,568. Corporate insiders own 11.50% of the company’s stock.

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.