EverCommerce (NASDAQ:EVCM) Price Target Raised to $11.00

EverCommerce (NASDAQ:EVCM) had its price target lifted by analysts at Piper Sandler from $10.00 to $11.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential downside of 8.18% from the company’s current price.

EVCM has been the topic of several other research reports. Evercore ISI boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, EverCommerce has an average rating of “Moderate Buy” and a consensus price target of $11.44.

EverCommerce Stock Performance

NASDAQ EVCM opened at $11.98 on Wednesday. The firm’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.51. The stock has a market cap of $2.21 billion, a PE ratio of -52.09 and a beta of 1.07. EverCommerce has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 7,099 shares of EverCommerce stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $10.69, for a total value of $75,888.31. Following the completion of the sale, the chief executive officer now directly owns 8,124,163 shares of the company’s stock, valued at approximately $86,847,302.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 89,310 shares of company stock valued at $965,566. Corporate insiders own 11.60% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in EverCommerce by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after purchasing an additional 30,481 shares during the period. Edgestream Partners L.P. bought a new position in EverCommerce in the 1st quarter valued at $123,000. DekaBank Deutsche Girozentrale grew its stake in EverCommerce by 57.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock valued at $512,000 after purchasing an additional 20,000 shares during the period. Bank of New York Mellon Corp grew its stake in EverCommerce by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after purchasing an additional 9,595 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after buying an additional 95,934 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

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.