EverCommerce (NASDAQ:EVCM) Shares Gap Up – Should You Buy?

EverCommerce Inc. (NASDAQ:EVCM) gapped up prior to trading on Monday . The stock had previously closed at $11.55, but opened at $12.08. EverCommerce shares last traded at $12.1850, with a volume of 1,876 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Royal Bank Of Canada dropped their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Finally, Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.71.

EverCommerce Price Performance

The stock’s 50-day moving average is $11.43 and its 200 day moving average is $11.10. The stock has a market capitalization of $2.08 billion, a PE ratio of 130.85, a P/E/G ratio of 2.67 and a beta of 0.94. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The company had revenue of $151.15 million for the quarter, compared to analysts’ expectations of $150.06 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts predict that EverCommerce Inc. will post 0.23 earnings per share for the current year.

Insider Buying and Selling

In other EverCommerce news, President Matthew David Feierstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $11.40, for a total value of $57,000.00. Following the completion of the sale, the president directly owned 2,155,606 shares of the company’s stock, valued at $24,573,908.40. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric Richard Remer sold 5,867 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $11.49, for a total transaction of $67,411.83. Following the completion of the sale, the chief executive officer directly owned 2,914,923 shares of the company’s stock, valued at $33,492,465.27. This represents a 0.20% 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. Insiders sold 310,945 shares of company stock valued at $3,476,960 over the last quarter. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of EverCommerce

Several large investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL grew its position in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after acquiring an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. grew its position in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after acquiring an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. grew its position in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after acquiring an additional 50,854 shares in the last quarter. Los Angeles Capital Management LLC grew its position in EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after acquiring an additional 34,979 shares in the last quarter. Finally, XTX Topco Ltd grew its position in EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after acquiring an additional 27,224 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

About EverCommerce

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.