EverCommerce Inc. (NASDAQ:EVCM) Receives $12.44 Average PT from Brokerages

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.27.

Several analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday. Oppenheimer lowered their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday. Jefferies Financial Group lowered their target price on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday. Finally, Barclays lowered their price objective on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday.

EverCommerce Stock Performance

Shares of NASDAQ EVCM opened at $9.36 on Friday. The stock has a 50 day moving average price of $10.17 and a 200 day moving average price of $10.71. EverCommerce has a 52 week low of $8.10 and a 52 week 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 stock has a market capitalization of $1.72 billion, a PE ratio of -33.43 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Analysts predict that EverCommerce will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at EverCommerce

In related news, CEO Eric Richard Remer sold 7,130 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $11.99, for a total transaction of $85,488.70. Following the sale, the chief executive officer now owns 7,913,929 shares of the company’s stock, valued at $94,888,008.71. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Matthew David Feierstein sold 20,401 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total value of $220,534.81. Following the sale, the president now directly owns 2,217,294 shares in the company, valued at approximately $23,968,948.14. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,865 shares of company stock valued at $1,950,085. 11.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently modified their holdings of EVCM. BNP Paribas Financial Markets acquired a new position in EverCommerce during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC lifted its holdings in 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 buying an additional 2,040 shares during the period. Deutsche Bank AG lifted its holdings in 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 buying an additional 3,667 shares during the period. Wells Fargo & Company MN lifted its holdings in 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 buying an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in EverCommerce during the 4th quarter worth about $119,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Company 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.