EverCommerce (NASDAQ:EVCM) Price Target Cut to $10.00 by Analysts at Jefferies Financial Group

EverCommerce (NASDAQ:EVCM) had its target price cut by Jefferies Financial Group from $12.00 to $10.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer dropped their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.27.

EverCommerce Stock Performance

Shares of EVCM stock opened at $9.36 on Friday. EverCommerce has a 12 month low of $6.22 and a 12 month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $1.72 billion, a P/E ratio of -33.43 and a beta of 1.12. The company’s fifty day moving average price is $10.17 and its two-hundred day moving average price is $10.71.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $175.00 million during the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, research analysts anticipate that EverCommerce will post -0.17 earnings per share for the current fiscal year.

Insider Activity at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 13,856 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $10.81, for a total value of $149,783.36. Following the completion of the transaction, the chief executive officer now owns 7,783,096 shares in the company, valued at approximately $84,135,267.76. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Matthew David Feierstein sold 2,888 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $10.01, for a total transaction of $28,908.88. Following the completion of the transaction, the president now owns 2,209,807 shares of the company’s stock, valued at approximately $22,120,168.07. This trade represents a 0.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,865 shares of company stock valued at $1,950,085 in the last quarter. Insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. RIA Advisory Group LLC bought a new position in EverCommerce in the 3rd quarter worth about $241,000. Edgestream Partners L.P. bought a new position in EverCommerce in the 3rd quarter worth about $536,000. Janus Henderson Group PLC grew its position in EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after purchasing an additional 3,837 shares during the last quarter. State Street Corp grew its position in EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after purchasing an additional 12,156 shares during the last quarter. Finally, Barclays PLC grew its position in EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after purchasing an additional 22,360 shares during 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.