EverCommerce Inc. (NASDAQ:EVCM) Receives Consensus Rating of “Hold” from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.13.

EVCM has been the topic of a number of recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $10.00 target price on shares of EverCommerce in a research note on Friday, March 15th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Royal Bank of Canada cut their target price on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Barclays lowered their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 price objective on shares of EverCommerce in a research report on Friday, March 15th.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $8.59 on Tuesday. The firm has a market cap of $1.60 billion, a PE ratio of -37.35 and a beta of 1.06. The firm’s 50-day simple moving average is $9.43 and its 200-day simple moving average is $9.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.53. EverCommerce has a 1 year low of $6.22 and a 1 year high of $13.47.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The company had revenue of $169.44 million during the quarter, compared to analyst estimates of $172.41 million. EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. Equities analysts forecast that EverCommerce will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EverCommerce news, CEO Eric Richard Remer sold 3,794 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $9.61, for a total value of $36,460.34. Following the completion of the transaction, the chief executive officer now owns 1,305,407 shares in the company, valued at approximately $12,544,961.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 22,345 shares of company stock worth $209,568. Insiders own 11.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its position in EverCommerce by 82.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock worth $31,000 after purchasing an additional 1,053 shares during the last quarter. 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 acquiring an additional 1,500 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of EverCommerce by 22.7% in the fourth quarter. Occudo Quantitative Strategies LP now owns 13,008 shares of the company’s stock valued at $143,000 after acquiring an additional 2,410 shares in the last quarter. UBS Group AG boosted its holdings in shares of EverCommerce by 871.7% in the third quarter. UBS Group AG now owns 2,711 shares of the company’s stock valued at $29,000 after acquiring an additional 2,432 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of EverCommerce by 379.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the company’s stock valued at $40,000 after acquiring an additional 2,868 shares in the last quarter. 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.