EverCommerce (NASDAQ:EVCM – Get Free Report) had its price target dropped by research analysts at Oppenheimer from $13.00 to $12.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 28.21% from the stock’s previous close.
EverCommerce Trading Up 4.6 %
EverCommerce stock opened at $9.36 on Friday. EverCommerce has a 52-week low of $8.10 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 $1.72 billion, a P/E ratio of -33.43 and a beta of 1.12. The business has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $10.71.
EverCommerce (NASDAQ:EVCM – Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that EverCommerce will post -0.17 EPS for the current year.
Insider Buying and Selling
Institutional Trading of EverCommerce
Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of EverCommerce during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its holdings in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after acquiring an additional 2,040 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after acquiring an additional 3,667 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after acquiring an additional 3,106 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of EverCommerce during the 4th quarter worth approximately $119,000. 97.91% of the stock is owned by hedge funds and other institutional investors.
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.
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