Mayflower Financial Advisors LLC Cuts Stock Position in EverCommerce Inc. (NASDAQ:EVCM)

Mayflower Financial Advisors LLC trimmed its position in shares of EverCommerce Inc. (NASDAQ:EVCM) by 29.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,106 shares of the company’s stock after selling 43,623 shares during the quarter. Mayflower Financial Advisors LLC owned 0.06% of EverCommerce worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in EverCommerce during the third quarter worth $107,000. The Manufacturers Life Insurance Company raised its holdings in shares of 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of 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 acquiring an additional 2,700 shares in the last quarter. RIA Advisory Group LLC bought a new stake in shares of EverCommerce in the third quarter valued at about $241,000. Finally, Barclays PLC raised its holdings 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 in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVCM has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JMP Securities lifted their price objective on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Piper Sandler lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Oppenheimer boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays boosted 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, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

EverCommerce Stock Performance

EVCM opened at $10.54 on Wednesday. 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 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.93 billion, a P/E ratio of -37.64 and a beta of 1.14. The firm’s 50-day moving average price is $11.22 and its 200-day moving average price is $10.91.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $176.26 million during the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at EverCommerce

In other news, CEO Eric Richard Remer sold 5,713 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.15, for a total transaction of $57,986.95. Following the completion of the transaction, the chief executive officer now directly owns 7,880,059 shares in the company, valued at approximately $79,982,598.85. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Matthew David Feierstein sold 17,545 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.92, for a total value of $209,136.40. Following the transaction, the president now owns 2,246,624 shares of the company’s stock, valued at approximately $26,779,758.08. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,124 shares of company stock valued at $2,027,520. 11.60% of the stock is owned by insiders.

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.