EverCommerce Inc. (NASDAQ:EVCM) Receives $12.44 Consensus PT from Brokerages

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $11.09.

Several analysts have issued reports on the stock. Jefferies Financial Group cut their target price on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Piper Sandler lowered their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday. Barclays cut their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. The Goldman Sachs Group lowered their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 14th. Finally, Oppenheimer dropped their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, March 14th.

Insider Activity

In other EverCommerce news, CEO Eric Richard Remer sold 5,713 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.15, for a total transaction of $57,986.95. Following the sale, the chief executive officer now owns 7,880,059 shares of the company’s stock, valued at approximately $79,982,598.85. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $220,534.81. Following the completion of the sale, the president now owns 2,217,294 shares of the company’s stock, valued at approximately $23,968,948.14. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,833 shares of company stock valued at $2,265,542 over the last three months. Insiders own 11.60% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the business. RIA Advisory Group LLC bought a new position in shares of EverCommerce in the third quarter valued at approximately $241,000. Edgestream Partners L.P. purchased a new stake in shares of EverCommerce during the 3rd quarter valued at $536,000. Janus Henderson Group PLC lifted its holdings in shares of 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 acquiring an additional 3,837 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 in the last quarter. Finally, Barclays PLC lifted 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 buying an additional 22,360 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

EverCommerce Stock Down 0.3 %

EVCM opened at $9.99 on Friday. 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 stock’s fifty day moving average is $10.12 and its 200-day moving average is $10.69. EverCommerce has a one year low of $8.10 and a one year high of $12.35. The company has a market capitalization of $1.83 billion, a PE ratio of -35.68 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last announced 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 company had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) EPS. On average, equities analysts predict that EverCommerce will post -0.17 EPS for the current fiscal year.

About EverCommerce

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.