EverCommerce Inc. (NASDAQ:EVCM) Receives $12.56 Consensus Target Price from Brokerages

EverCommerce Inc. (NASDAQ:EVCM) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. One investment 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 target price among brokers that have issued ratings on the stock in the last year is $12.56.

Several research analysts recently weighed in on the stock. JMP Securities boosted their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their target price on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price target on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays lifted their price target on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

EverCommerce Stock Performance

Shares of EVCM opened at $11.18 on Friday. EverCommerce has a one year low of $6.22 and a one year high of $12.35. The company has a market cap of $2.05 billion, a PE ratio of -39.93 and a beta of 1.12. The stock has a 50-day moving average of $11.36 and a 200-day moving average of $10.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

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

Insider Activity at EverCommerce

In related news, President Matthew David Feierstein sold 17,545 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.92, for a total value of $209,136.40. Following the sale, the president now directly owns 2,246,624 shares in the company, valued at approximately $26,779,758.08. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric Richard Remer sold 5,436 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $10.09, for a total transaction of $54,849.24. Following the sale, the chief executive officer now directly owns 8,100,550 shares in the company, valued at approximately $81,734,549.50. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 166,687 shares of company stock worth $1,883,355. Insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in EverCommerce during the 3rd quarter valued at $107,000. The Manufacturers Life Insurance Company boosted 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 worth $125,000 after acquiring an additional 1,089 shares during the period. Renaissance Technologies LLC grew its position 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 purchasing an additional 2,700 shares in the last quarter. RIA Advisory Group LLC bought a new stake in shares of EverCommerce during the 3rd quarter valued at $241,000. Finally, Barclays PLC lifted its holdings in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after purchasing an additional 22,360 shares in the last quarter. 97.91% of the stock is owned by 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.