EverCommerce Inc. (NASDAQ:EVCM) Given Average Rating of “Moderate Buy” by Analysts

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.56.

EVCM has been the subject of a number of research reports. Barclays increased their price target on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Piper Sandler increased their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. JMP Securities raised their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Oppenheimer upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada raised their target price on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Insider Activity at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 17,545 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.92, for a total transaction of $209,136.40. Following the sale, the president now owns 2,246,624 shares of the company’s stock, valued at $26,779,758.08. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric Richard Remer sold 4,200 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00. Following the completion of the sale, the chief executive officer now owns 8,068,540 shares of the company’s stock, valued at $83,670,759.80. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,699 shares of company stock valued at $1,851,669 in the last three months. Corporate insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC increased its position in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares during the period. Janus Henderson Group PLC raised its holdings in EverCommerce by 1.2% during 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. Bank of New York Mellon Corp lifted its position in EverCommerce by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after purchasing an additional 9,595 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of EverCommerce in the 3rd quarter valued at about $107,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Trading Up 0.3 %

EverCommerce stock opened at $10.50 on Thursday. EverCommerce has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $1.93 billion, a PE ratio of -37.50 and a beta of 1.12. The business’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $10.98.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that EverCommerce will post -0.17 earnings per share for the current year.

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.