Charles Schwab Investment Management Inc. Grows Stock Holdings in EverCommerce Inc. (NASDAQ:EVCM)

Charles Schwab Investment Management Inc. increased its position in shares of EverCommerce Inc. (NASDAQ:EVCM) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 168,587 shares of the company’s stock after purchasing an additional 1,092 shares during the period. Charles Schwab Investment Management Inc.’s holdings in EverCommerce were worth $1,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 63,139 shares during the last quarter. Barclays PLC grew its holdings in EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after buying an additional 22,360 shares during the period. State Street Corp grew its position in EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after acquiring an additional 12,156 shares during the period. Janus Henderson Group PLC boosted its position in EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after purchasing an additional 3,837 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of EverCommerce in the third quarter valued at $536,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EVCM shares. Royal Bank of Canada lowered their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Barclays decreased their price target on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. The Goldman Sachs Group reduced their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 14th. Piper Sandler lowered their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Oppenheimer cut their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.09.

Insider Buying and Selling at EverCommerce

In other news, President Matthew David Feierstein sold 20,401 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total value of $220,534.81. Following the transaction, the president now owns 2,217,294 shares of the company’s stock, valued at $23,968,948.14. This represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric Richard Remer sold 7,164 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $10.51, for a total transaction of $75,293.64. Following the completion of the sale, the chief executive officer now owns 7,621,070 shares in the company, valued at $80,097,445.70. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 239,363 shares of company stock worth $2,439,272 over the last ninety days. Corporate insiders own 11.60% of the company’s stock.

EverCommerce Price Performance

NASDAQ:EVCM opened at $10.12 on Friday. The company has a fifty day moving average price of $10.14 and a 200 day moving average price of $10.69. The stock has a market cap of $1.86 billion, a P/E ratio of -36.14 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $175.00 million for the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. EverCommerce’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. Analysts anticipate 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.