EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of “Hold” by Brokerages

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.25.

A number of brokerages have issued reports on EVCM. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a research note on Friday, May 8th. Canaccord Genuity Group boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th.

View Our Latest Stock Report on EverCommerce

Insider Activity at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 8,709 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $11.97, for a total transaction of $104,246.73. Following the completion of the transaction, the chief executive officer owned 5,621,851 shares in the company, valued at $67,293,556.47. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $10.03, for a total value of $100,300.00. Following the completion of the transaction, the president owned 2,045,448 shares of the company’s stock, valued at approximately $20,515,843.44. This trade represents a 0.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 291,500 shares of company stock worth $3,036,698 over the last ninety days. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in 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 buying an additional 1,190 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in EverCommerce in the 4th quarter valued at about $177,000. BNP Paribas Financial Markets boosted its holdings in EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after buying an additional 13,734 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in EverCommerce during the 2nd quarter worth approximately $168,000. Finally, Wells Fargo & Company MN increased its stake in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after buying an additional 7,085 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

EverCommerce Stock Performance

Shares of EVCM stock opened at $12.34 on Monday. The company has a 50 day moving average price of $10.29 and a 200-day moving average price of $10.93. EverCommerce has a 52 week low of $7.66 and a 52 week high of $14.41. The firm has a market capitalization of $2.18 billion, a PE ratio of 72.59, a P/E/G ratio of 1.10 and a beta of 0.91. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCMGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The firm had revenue of $147.47 million for the quarter, compared to analysts’ expectations of $147.18 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that EverCommerce will post 0.57 earnings per share for the current year.

About EverCommerce

(Get Free Report)

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.

Further Reading

Analyst Recommendations for EverCommerce (NASDAQ:EVCM)

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