EverCommerce Inc. (NASDAQ:EVCM) Stock Has Consensus Price Target of $11.00

Shares of EverCommerce Inc. (NASDAQ:EVCM) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.00.

Several research analysts have recently issued reports on EVCM shares. Weiss Ratings raised shares of EverCommerce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 24th. Barclays increased their price target on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Royal Bank Of Canada decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th.

EverCommerce Price Performance

EVCM opened at $8.35 on Wednesday. The stock’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $10.31. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce has a 1 year low of $6.21 and a 1 year high of $14.41. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 46.39, a PEG ratio of 0.84 and a beta of 0.63.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. During the same period last year, the company posted $0.04 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts predict that EverCommerce will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Eric Remer sold 6,354 shares of EverCommerce stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $8.07, for a total value of $51,276.78. Following the sale, the director owned 5,011,125 shares in the company, valued at $40,439,778.75. The trade was a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Matthew Feierstein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the president directly owned 1,961,214 shares of the company’s stock, valued at approximately $19,612,140. This represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 436,327 shares of company stock worth $4,120,251. Corporate insiders own 10.10% of the company’s stock.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. Engineers Gate Manager LP raised its position in shares of EverCommerce by 16.7% in the 2nd quarter. Engineers Gate Manager LP now owns 20,821 shares of the company’s stock worth $209,000 after acquiring an additional 2,982 shares in the last quarter. Ethic Inc. bought a new stake in shares of EverCommerce during the third quarter valued at approximately $88,000. Bank of America Corp DE bought a new stake in shares of EverCommerce during the second quarter valued at approximately $125,000. Deutsche Bank AG purchased a new stake in EverCommerce in the second quarter worth $144,000. Finally, Quantinno Capital Management LP grew its stake in EverCommerce by 117.7% in the first quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock worth $552,000 after purchasing an additional 26,109 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

EverCommerce Company Profile

EverCommerce, Inc is a software and technology company that provides integrated, cloud-based solutions for service-oriented small and midsize businesses. Its platforms are designed to help businesses manage operations, customer relationships, payments, marketing and other administrative functions through specialized applications tailored to specific industries.

The company serves a broad range of vertical markets, including home and field services, health and wellness, fitness, education, professional services and other appointment- or membership-based businesses.