CoreCap Advisors LLC acquired a new position in EverCommerce Inc. (NASDAQ:EVCM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 269,999 shares of the company’s stock, valued at approximately $2,716,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its position in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after acquiring an additional 50,854 shares in the last quarter. Lazard Asset Management LLC raised its stake in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after acquiring an additional 49,041 shares during the period. Zacks Investment Management bought a new stake in EverCommerce during the 3rd quarter worth approximately $418,000. Finally, Los Angeles Capital Management LLC lifted its holdings in EverCommerce by 111.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after purchasing an additional 34,979 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EVCM has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Canaccord Genuity Group boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, EverCommerce presently has an average rating of “Hold” and a consensus target price of $11.25.
Key Stories Impacting EverCommerce
Here are the key news stories impacting EverCommerce this week:
- Positive Sentiment: Second-quarter revenue from continuing operations rose 2.7% year over year to approximately $152.0 million, broadly matching analysts’ $152.29 million estimate. EverCommerce Announces Second Quarter 2026 Financial Results
- Positive Sentiment: EverCommerce appointed Alex Goor, a technology and fintech executive, as CEO effective August 6. Founder Eric Remer will remain on the board, providing leadership continuity while the company seeks to accelerate growth and value creation. EverCommerce Appoints Alex Goor as Chief Executive Officer
- Neutral Sentiment: CEO Eric Remer and President Matthew Feierstein sold shares under pre-arranged Rule 10b5-1 trading plans. Remer sold 19,200 shares across August 4–5, while Feierstein sold 20,000 shares; both executives retain substantial ownership, limiting the significance of the transactions.
- Negative Sentiment: Second-quarter adjusted earnings per share were $0.05, missing the $0.15 consensus estimate by $0.10. Although revenue was slightly above the prior year, the earnings shortfall points to profitability pressure. EverCommerce Earnings Report
- Negative Sentiment: Third-quarter revenue guidance of $151.5 million to $154.5 million is below the $156.8 million analyst consensus, signaling slower near-term growth. Full-year revenue guidance of $612 million to $632 million brackets the $618.9 million consensus but implies limited upside at the midpoint.
EverCommerce Price Performance
Shares of NASDAQ:EVCM opened at $11.85 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a fifty day moving average price of $10.37 and a 200 day moving average price of $10.93. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 69.71, a P/E/G ratio of 1.07 and a beta of 0.91.
EverCommerce (NASDAQ:EVCM – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). The company had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. As a group, sell-side analysts expect that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.
Insider Buying and Selling at EverCommerce
In other news, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $10.77, for a total value of $206,784.00. Following the sale, the chief executive officer directly owned 5,660,251 shares of the company’s stock, valued at approximately $60,960,903.27. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 306,500 shares of company stock worth $3,238,333 in the last ninety days. Company insiders own 10.10% of the company’s stock.
EverCommerce Profile
EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.
The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.
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