EverCommerce Inc. (NASDAQ:EVCM) Receives Consensus Recommendation of “Hold” from Analysts

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.25.

A number of research analysts recently issued reports on EVCM shares. Royal Bank Of Canada decreased their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Canaccord Genuity Group boosted their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group decreased 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.

EverCommerce Trading Up 2.4%

NASDAQ:EVCM opened at $9.40 on Friday. EverCommerce has a 12 month low of $7.66 and a 12 month high of $14.41. The firm has a fifty day simple moving average of $10.92 and a 200-day simple moving average of $11.10. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.66 billion, a P/E ratio of 55.30, a PEG ratio of 1.95 and a beta of 0.92.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that EverCommerce will post 0.24 earnings per share for the current year.

Insider Transactions at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 16,497 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $10.79, for a total value of $178,002.63. Following the completion of the transaction, the chief executive officer owned 2,517,220 shares in the company, valued at approximately $27,160,803.80. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Matthew David Feierstein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $11.90, for a total value of $119,000.00. Following the transaction, the president directly owned 2,160,606 shares of the company’s stock, valued at approximately $25,711,211.40. The trade was a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 314,652 shares of company stock valued at $3,445,784. Insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares during the last quarter. R Squared Ltd acquired a new stake in EverCommerce in the 3rd quarter valued at about $122,000. Prudential Financial Inc. raised its holdings in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in EverCommerce in the 4th quarter valued at about $177,000. Finally, BNP Paribas Financial Markets raised its holdings in EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.