55,000 Shares in EverCommerce Inc. (NASDAQ:EVCM) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new position in shares of EverCommerce Inc. (NASDAQ:EVCM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 55,000 shares of the company’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EVCM. Millennium Management LLC raised its stake in EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after acquiring an additional 281,551 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after acquiring an additional 95,934 shares in the last quarter. AQR Capital Management LLC increased its stake in EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after purchasing an additional 44,378 shares during the period. Vanguard Group Inc. increased its stake in EverCommerce by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after purchasing an additional 30,481 shares during the period. Finally, RIA Advisory Group LLC acquired a new position in EverCommerce in the first quarter valued at $242,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on EVCM. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI lifted their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.45.

Insider Buying and Selling

In related news, CEO Eric Richard Remer sold 10,311 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.69, for a total transaction of $110,224.59. Following the sale, the chief executive officer now owns 8,138,352 shares of the company’s stock, valued at approximately $86,998,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 60,298 shares of company stock valued at $633,516. Corporate insiders own 11.60% of the company’s stock.

EverCommerce Trading Up 1.8 %

Shares of EverCommerce stock opened at $10.71 on Friday. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. The company’s 50-day simple moving average is $10.44 and its 200-day simple moving average is $10.37. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -46.57 and a beta of 1.08.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $177.39 million for the quarter, compared to analysts’ expectations of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. EverCommerce’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EverCommerce Inc. will post -0.09 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.