Alliancebernstein L.P. Sells 1,080 Shares of EverCommerce Inc. (NASDAQ:EVCM)

Alliancebernstein L.P. lessened its holdings in shares of EverCommerce Inc. (NASDAQ:EVCM) by 2.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,790 shares of the company’s stock after selling 1,080 shares during the quarter. Alliancebernstein L.P.’s holdings in EverCommerce were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of EverCommerce by 32.3% during the fourth quarter. American Century Companies Inc. now owns 22,753 shares of the company’s stock worth $251,000 after acquiring an additional 5,554 shares during the period. Barclays PLC boosted its position in shares of EverCommerce by 305.6% in the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after acquiring an additional 22,360 shares during the period. Raymond James Financial Inc. acquired a new position in shares of EverCommerce in the fourth quarter valued at about $694,000. JPMorgan Chase & Co. increased its position in EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after acquiring an additional 63,139 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in EverCommerce by 84.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock worth $1,468,000 after purchasing an additional 61,144 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EVCM shares. Jefferies Financial Group dropped their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Piper Sandler dropped their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Royal Bank of Canada reduced their price objective on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Barclays decreased their target price on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group reduced their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.09.

Insider Buying and Selling at EverCommerce

In related news, President Matthew David Feierstein sold 21,624 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $10.13, for a total transaction of $219,051.12. Following the completion of the sale, the president now owns 2,370,628 shares of the company’s stock, valued at approximately $24,014,461.64. This represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Richard Remer sold 5,117 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.39, for a total transaction of $53,165.63. Following the transaction, the chief executive officer now directly owns 7,862,366 shares in the company, valued at approximately $81,689,982.74. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,521 shares of company stock valued at $2,765,729. 11.60% of the stock is owned by company insiders.

EverCommerce Trading Down 1.2 %

EVCM stock opened at $9.96 on Monday. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $10.64. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -35.57 and a beta of 1.06.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

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.