EverCommerce Inc. (NASDAQ:EVCM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

EverCommerce Inc. (NASDAQ:EVCM) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.40.

Several analysts have recently weighed in on EVCM shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 target price (down from $11.00) on shares of EverCommerce in a research report on Friday, March 15th. Piper Sandler reiterated a “neutral” rating and set a $10.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Barclays decreased their target price on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, March 15th. Royal Bank of Canada decreased their target price on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a research report on Friday, March 15th.

EverCommerce Stock Performance

NASDAQ EVCM opened at $10.78 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -51.33 and a beta of 1.07. The company’s fifty day moving average is $9.84 and its two-hundred day moving average is $9.80. EverCommerce has a 52-week low of $6.22 and a 52-week high of $12.32.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $170.10 million during the quarter, compared to analyst estimates of $162.11 million. EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Equities research analysts forecast that EverCommerce will post -0.08 EPS for the current year.

Insiders Place Their Bets

In other EverCommerce news, CEO Eric Richard Remer sold 4,016 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.00, for a total value of $36,144.00. Following the completion of the transaction, the chief executive officer now directly owns 1,292,061 shares of the company’s stock, valued at $11,628,549. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Eric Richard Remer sold 4,016 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.00, for a total transaction of $36,144.00. Following the completion of the sale, the chief executive officer now directly owns 1,292,061 shares of the company’s stock, valued at $11,628,549. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marc Christopher Thompson sold 4,701 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $10.16, for a total transaction of $47,762.16. Following the sale, the chief financial officer now directly owns 1,198,110 shares of the company’s stock, valued at $12,172,797.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,037 shares of company stock valued at $709,667. Insiders own 11.50% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

Large investors have recently bought and sold shares of the company. Quest Partners LLC bought a new stake in EverCommerce in the fourth quarter valued at approximately $135,000. DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce in the fourth quarter valued at approximately $391,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of EverCommerce by 7.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after buying an additional 1,500 shares during the period. Great Lakes Advisors LLC boosted its holdings in shares of EverCommerce by 42.9% in the fourth quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock valued at $2,249,000 after buying an additional 61,236 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of EverCommerce by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after buying an additional 30,481 shares during the period. 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.