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

Shares of EverCommerce Inc. (NASDAQ:EVCMGet Free Report) have received a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $11.25.

A number of research firms have recently commented on EVCM. The Goldman Sachs Group cut their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group lifted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Get Our Latest Research Report on EVCM

Insider Activity at EverCommerce

In related news, CEO Eric Richard Remer sold 18,950 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.20, for a total value of $193,290.00. Following the completion of the transaction, the chief executive officer directly owned 5,699,462 shares in the company, valued at $58,134,512.40. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matthew David Feierstein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $10.03, for a total transaction 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. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 296,618 shares of company stock valued at $3,160,090 in the last three months. 10.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new stake in EverCommerce in the 2nd quarter worth about $2,716,000. Tudor Investment Corp ET AL raised its position in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after acquiring an additional 50,854 shares during the period. Lazard Asset Management LLC lifted its stake in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after acquiring an additional 49,041 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of EverCommerce during the 3rd quarter valued at about $418,000. 97.91% of the stock is owned by institutional investors.

EverCommerce Price Performance

EVCM stock opened at $9.97 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a 50 day moving average price of $10.03 and a 200-day moving average price of $10.99. EverCommerce has a 52-week low of $7.66 and a 52-week high of $14.41. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 0.90 and a beta of 0.93.

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

Featured Articles

Analyst Recommendations for EverCommerce (NASDAQ:EVCM)

Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.