Brokerages Set EverCommerce Inc. (NASDAQ:EVCM) PT at $12.56

Shares of EverCommerce Inc. (NASDAQ:EVCM) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.56.

Several brokerages recently commented on EVCM. JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Barclays boosted their price target on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler increased 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. Royal Bank of Canada increased their price target on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Oppenheimer lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Insider Transactions at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 7,455 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.06, for a total value of $89,907.30. Following the transaction, the president now owns 2,239,169 shares of the company’s stock, valued at $27,004,378.14. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric Richard Remer sold 4,464 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $12.06, for a total value of $53,835.84. Following the transaction, the chief executive officer now directly owns 7,921,059 shares in the company, valued at approximately $95,527,971.54. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,421 shares of company stock valued at $1,792,578 over the last 90 days. 11.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after buying an additional 12,156 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after buying an additional 95,934 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after acquiring an additional 281,551 shares during the period. Janus Henderson Group PLC increased its holdings in shares of EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after acquiring an additional 3,837 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of EverCommerce by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock worth $1,805,000 after buying an additional 9,595 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Trading Up 0.3 %

NASDAQ EVCM opened at $12.05 on Friday. EverCommerce has a one year low of $6.22 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -43.04 and a beta of 1.12. The company’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $10.83.

EverCommerce (NASDAQ:EVCM) last posted 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 for 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%. EverCommerce’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts forecast that EverCommerce will post -0.17 EPS for the current fiscal 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.