23,268 Shares in EverCommerce Inc. (NASDAQ:EVCM) Acquired by RIA Advisory Group LLC

RIA Advisory Group LLC acquired a new stake in EverCommerce Inc. (NASDAQ:EVCM) during the third quarter, according to its most recent filing with the SEC. The firm acquired 23,268 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC lifted its stake in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares during the period. Bank of New York Mellon Corp boosted its holdings in EverCommerce by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock worth $1,805,000 after buying an additional 9,595 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of EverCommerce in the 3rd quarter valued at approximately $107,000. Finally, Edgestream Partners L.P. acquired a new position in EverCommerce during the first quarter valued at approximately $123,000. 97.91% of the stock is currently owned by institutional investors.

EverCommerce Stock Performance

NASDAQ EVCM traded up $0.05 on Friday, hitting $11.12. 157,414 shares of the stock were exchanged, compared to its average volume of 141,276. The company has a market capitalization of $2.04 billion, a PE ratio of -39.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.68. The business’s fifty day moving average is $10.64 and its 200 day moving average is $10.53. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued 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). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts anticipate that EverCommerce Inc. will post -0.09 EPS for the current fiscal year.

Insider Activity

In other EverCommerce news, CEO Eric Richard Remer sold 18,142 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.73, for a total value of $212,805.66. Following the transaction, the chief executive officer now directly owns 8,005,806 shares of the company’s stock, valued at $93,908,104.38. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 111,377 shares of company stock valued at $1,217,786 over the last three months. Insiders own 11.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EVCM has been the topic of several recent analyst reports. Piper Sandler lifted their target price on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays raised their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.56.

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.