EverCommerce (EVCM) Scheduled to Post Earnings on Tuesday

EverCommerce (NASDAQ:EVCM) is set to post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect EverCommerce to post earnings of ($0.01) per share for the quarter. EverCommerce has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The business had revenue of $170.10 million during the quarter, compared to analysts’ expectations of $162.11 million. During the same quarter last year, the business posted ($0.11) EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect EverCommerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EverCommerce Trading Down 4.0 %

Shares of EVCM stock opened at $11.10 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.71 and a current ratio of 1.71. EverCommerce has a 52-week low of $6.22 and a 52-week high of $12.35. The company has a market capitalization of $2.05 billion, a PE ratio of -52.85 and a beta of 1.10. The business’s fifty day moving average is $10.73 and its 200 day moving average is $10.00.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EVCM shares. Canaccord Genuity Group raised their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Oppenheimer raised their price target on EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Insider Transactions at EverCommerce

In other news, President Matthew David Feierstein sold 4,582 shares of EverCommerce stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.16, for a total value of $46,553.12. Following the transaction, the president now owns 2,305,612 shares in the company, valued at $23,425,017.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, President Matthew David Feierstein sold 4,582 shares of EverCommerce stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.16, for a total value of $46,553.12. Following the transaction, the president now owns 2,305,612 shares in the company, valued at $23,425,017.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric Richard Remer sold 14,502 shares of EverCommerce stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.16, for a total value of $147,340.32. Following the completion of the transaction, the chief executive officer now owns 1,277,559 shares in the company, valued at approximately $12,979,999.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,299 shares of company stock worth $738,573. Company insiders own 11.50% 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.