EverCommerce Inc. (NASDAQ:EVCM) Given Average Rating of “Hold” by Analysts

EverCommerce Inc. (NASDAQ:EVCM) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.09.

A number of research firms have commented on EVCM. Jefferies Financial Group cut their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Piper Sandler cut their target price on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday. Oppenheimer lowered their price target on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. The Goldman Sachs Group dropped their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Finally, Royal Bank of Canada reduced their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th.

Insider Transactions at EverCommerce

In related news, CEO Eric Richard Remer sold 10,117 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $9.05, for a total transaction of $91,558.85. Following the transaction, the chief executive officer now owns 7,686,872 shares in the company, valued at $69,566,191.60. The trade was a 0.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Matthew David Feierstein sold 2,888 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.01, for a total value of $28,908.88. Following the transaction, the president now directly owns 2,209,807 shares of the company’s stock, valued at $22,120,168.07. The trade was a 0.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 181,735 shares of company stock worth $1,864,596. Insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EVCM. RIA Advisory Group LLC purchased a new position in shares of EverCommerce during the third quarter valued at about $241,000. Edgestream Partners L.P. bought a new stake in EverCommerce during the 3rd quarter valued at approximately $536,000. Janus Henderson Group PLC grew its holdings in shares of EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after acquiring an additional 3,837 shares during the period. State Street Corp raised its position in shares of EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after acquiring an additional 12,156 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares during the period. 97.91% of the stock is currently owned by institutional investors.

EverCommerce Price Performance

NASDAQ:EVCM opened at $9.98 on Friday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -35.64 and a beta of 1.12. 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 fifty day moving average of $10.14 and a 200 day moving average of $10.70. EverCommerce has a 52-week low of $8.10 and a 52-week high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $175.00 million for 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%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. On average, research analysts expect that EverCommerce will post -0.17 EPS for the current fiscal year.

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.