EverCommerce Inc. (NASDAQ:EVCM) Receives $12.56 Consensus PT from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.56.

EVCM has been the subject of several recent analyst reports. Oppenheimer increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities increased their price target on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. 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 note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Insider Transactions at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 5,436 shares of EverCommerce stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $10.09, for a total transaction of $54,849.24. Following the completion of the transaction, the chief executive officer now owns 8,100,550 shares in the company, valued at approximately $81,734,549.50. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 130,708 shares of company stock valued at $1,436,159 over the last ninety days. 11.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in EverCommerce during the 3rd quarter valued at $107,000. Edgestream Partners L.P. bought a new position in shares of EverCommerce during the first quarter valued at about $123,000. The Manufacturers Life Insurance Company boosted its holdings in 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 purchasing an additional 1,089 shares during the last quarter. Renaissance Technologies LLC grew its position in EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in EverCommerce in the 3rd quarter valued at about $241,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $12.15 on Wednesday. The firm has a market cap of $2.23 billion, a P/E ratio of -43.39 and a beta of 1.07. EverCommerce has a 12-month low of $6.22 and a 12-month high of $12.35. The business has a fifty day simple moving average of $10.78 and a 200 day simple moving average of $10.63. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts predict 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.