EverCommerce Inc. (NASDAQ:EVCM) Receives $11.44 Consensus PT from Analysts

EverCommerce Inc. (NASDAQ:EVCM) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.4444.

A number of analysts recently weighed in on EVCM shares. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research note on Tuesday, October 14th. Barclays cut EverCommerce from an “overweight” rating to an “equal weight” rating and set a $11.00 price target for the company. in a research report on Tuesday, October 14th. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Piper Sandler boosted their price target on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $13.00 price target (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th.

EverCommerce Stock Performance

Shares of EVCM opened at $12.04 on Friday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -100.32, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. EverCommerce has a 52-week low of $8.10 and a 52-week high of $12.34. The stock has a 50 day moving average price of $11.39 and a 200 day moving average price of $10.74. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $148.02 million for the quarter, compared to analysts’ expectations of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. Research analysts predict that EverCommerce will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eric Richard Remer sold 22,139 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.54, for a total value of $233,345.06. Following the completion of the transaction, the chief executive officer directly owned 5,220,024 shares of the company’s stock, valued at $55,019,052.96. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Matthew David Feierstein sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.24, for a total value of $281,000.00. Following the completion of the transaction, the president directly owned 2,211,383 shares of the company’s stock, valued at approximately $24,855,944.92. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,339 shares of company stock valued at $2,869,366. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in shares of EverCommerce in the third quarter valued at $91,000. Deutsche Bank AG grew its position in shares of EverCommerce by 141.9% in the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after purchasing an additional 5,770 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of EverCommerce in the first quarter valued at $102,000. Prudential Financial Inc. grew its position in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares during the period. Finally, Inceptionr LLC purchased a new stake in shares of EverCommerce in the second quarter valued at $159,000. Hedge funds and other institutional investors 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.