EverCommerce Inc. (NASDAQ:EVCM) Given Average Recommendation of “Moderate Buy” by Analysts

EverCommerce Inc. (NASDAQ:EVCM) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.56.

EVCM has been the subject of several research analyst reports. Barclays lifted their target price on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. JMP Securities boosted their price target on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price target on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Oppenheimer boosted their price target on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler boosted their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th.

Insider Activity at EverCommerce

In other news, CEO Eric Richard Remer sold 4,400 shares of EverCommerce stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $10.67, for a total value of $46,948.00. Following the transaction, the chief executive officer now owns 8,060,240 shares in the company, valued at approximately $86,002,760.80. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Matthew David Feierstein sold 20,401 shares of EverCommerce 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 completion of the transaction, the president now owns 2,217,294 shares in the company, valued at approximately $23,968,948.14. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,318 shares of company stock valued at $1,858,109 over the last three months. 11.60% of the stock is owned by insiders.

Hedge Funds Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently modified their holdings of EVCM. SG Americas Securities LLC bought a new position in shares of EverCommerce in the 3rd quarter valued at $107,000. The Manufacturers Life Insurance Company boosted its holdings in shares of EverCommerce by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after acquiring an additional 2,700 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in shares of EverCommerce during the 3rd quarter valued at $241,000. Finally, Barclays PLC boosted its holdings in shares of EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after acquiring an additional 22,360 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

EverCommerce Stock Performance

Shares of NASDAQ EVCM opened at $10.28 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce has a 12 month low of $6.22 and a 12 month high of $12.35. The stock has a 50 day moving average of $11.46 and a 200-day moving average of $10.97. The company has a market capitalization of $1.89 billion, a P/E ratio of -36.71 and a beta of 1.14.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities research analysts predict that EverCommerce will post -0.17 EPS for the current 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.