Jump Financial LLC lowered its position in EverCommerce Inc. (NASDAQ:EVCM – Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,300 shares of the company’s stock after selling 2,132 shares during the period. Jump Financial LLC’s holdings in EverCommerce were worth $384,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Standard Investments LLC grew its stake in EverCommerce by 4.3% in the fourth quarter. Standard Investments LLC now owns 6,115,000 shares of the company’s stock valued at $45,496,000 after acquiring an additional 250,000 shares during the period. Vanguard Group Inc. grew its position in shares of EverCommerce by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,605,886 shares of the company’s stock valued at $28,482,000 after purchasing an additional 122,286 shares during the period. BlackRock Inc. grew its position in shares of EverCommerce by 55.2% in the 1st quarter. BlackRock Inc. now owns 1,551,990 shares of the company’s stock valued at $20,485,000 after purchasing an additional 551,952 shares during the period. Goldman Sachs Group Inc. increased its stake in EverCommerce by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,349,469 shares of the company’s stock worth $17,813,000 after purchasing an additional 140,260 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in EverCommerce by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 671,515 shares of the company’s stock worth $4,996,000 after buying an additional 38,581 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.
EverCommerce Stock Performance
EVCM opened at $10.67 on Tuesday. The business’s 50-day simple moving average is $11.60 and its 200 day simple moving average is $11.04. EverCommerce Inc. has a 52-week low of $5.87 and a 52-week high of $13.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $2.01 billion, a PE ratio of -30.49 and a beta of 1.16.
Insider Activity at EverCommerce
In other EverCommerce news, insider Shane Driggers sold 5,465 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $12.11, for a total transaction of $66,181.15. Following the sale, the insider now directly owns 190,670 shares of the company’s stock, valued at $2,309,013.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Eric Richard Remer sold 3,817 shares of EverCommerce stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $11.66, for a total transaction of $44,506.22. Following the completion of the transaction, the chief executive officer now directly owns 1,854,968 shares in the company, valued at approximately $21,628,926.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane Driggers sold 5,465 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $12.11, for a total value of $66,181.15. Following the transaction, the insider now directly owns 190,670 shares in the company, valued at $2,309,013.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,746 shares of company stock valued at $492,661. 11.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on EVCM shares. Stifel Nicolaus upped their price target on shares of EverCommerce from $12.00 to $14.00 in a report on Wednesday, May 10th. TheStreet raised shares of EverCommerce from a “d+” rating to a “c-” rating in a research note on Monday, April 24th. Finally, Barclays lifted their price target on EverCommerce from $10.00 to $11.00 in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.25.
Read Our Latest Report on EverCommerce
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 engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.
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