EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of “Hold” by Brokerages

EverCommerce Inc. (NASDAQ:EVCM) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.25.

A number of research firms recently commented on EVCM. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. The Goldman Sachs Group reduced their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Royal Bank Of Canada reduced their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Canaccord Genuity Group lifted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th.

EverCommerce Price Performance

NASDAQ:EVCM opened at $9.49 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The stock’s 50-day simple moving average is $11.35 and its 200 day simple moving average is $11.05. The company has a market cap of $1.68 billion, a P/E ratio of 55.83, a P/E/G ratio of 2.15 and a beta of 0.94. EverCommerce has a 52-week low of $7.66 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The company had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. EverCommerce’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. As a group, sell-side analysts forecast that EverCommerce will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $11.43, for a total transaction of $219,456.00. Following the completion of the transaction, the chief executive officer owned 2,592,997 shares in the company, valued at approximately $29,637,955.71. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 325,945 shares of company stock worth $3,655,866 in the last three months. Company insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. Barclays PLC lifted its position in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after acquiring an additional 1,101 shares during the last quarter. Prudential Financial Inc. lifted its position in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the last quarter. Federated Hermes Inc. lifted its position in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares during the last quarter. American Century Companies Inc. lifted its position in EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after acquiring an additional 7,085 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.