EverCommerce (NASDAQ:EVCM) Given New $10.00 Price Target at Jefferies Financial Group

EverCommerce (NASDAQ:EVCM) had its target price lowered by analysts at Jefferies Financial Group from $12.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 4.18% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada dropped their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer dropped their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.90.

EverCommerce Stock Performance

NASDAQ:EVCM traded up $0.65 on Friday, reaching $9.60. 118,300 shares of the company’s stock were exchanged, compared to its average volume of 136,839. EverCommerce has a 52 week low of $6.22 and a 52 week high of $12.35. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -34.12 and a beta of 1.12. 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 stock has a fifty day simple moving average of $10.20 and a 200-day simple moving average of $10.72.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $175.00 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, sell-side analysts predict that EverCommerce will post -0.17 earnings per share for the current year.

Insider Activity at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 7,130 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $11.99, for a total transaction of $85,488.70. Following the sale, the chief executive officer now directly owns 7,913,929 shares in the company, valued at approximately $94,888,008.71. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matthew David Feierstein sold 20,401 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total transaction of $220,534.81. Following the transaction, the president now owns 2,217,294 shares of the company’s stock, valued at $23,968,948.14. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,748 shares of company stock worth $1,858,526 in the last quarter. Company insiders own 11.60% of the company’s stock.

Hedge Funds Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. BNP Paribas Financial Markets acquired a new stake in EverCommerce during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC boosted its position in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after buying an additional 2,040 shares during the last quarter. Deutsche Bank AG grew its stake in shares of EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after acquiring an additional 3,667 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after acquiring an additional 3,106 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of EverCommerce in the fourth quarter worth about $119,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.