EverCommerce (EVCM) Set to Announce Earnings on Thursday

EverCommerce (NASDAQ:EVCM) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect EverCommerce to post earnings of ($0.06) per share for the quarter. EverCommerce has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $169.44 million for the quarter, compared to analyst estimates of $172.41 million. EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. On average, analysts expect EverCommerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EverCommerce Stock Performance

Shares of EVCM opened at $9.97 on Wednesday. The firm has a market capitalization of $1.86 billion, a P/E ratio of -43.35 and a beta of 1.05. EverCommerce has a 52 week low of $6.22 and a 52 week high of $13.47. The stock has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $9.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.53.

Analyst Ratings Changes

Several equities analysts have weighed in on EVCM shares. JMP Securities restated a “market outperform” rating and set a $12.00 price objective on shares of EverCommerce in a research note on Friday, March 15th. Barclays cut their price target on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Royal Bank of Canada cut their target price on EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 target price on shares of EverCommerce in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.13.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 3,794 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $9.61, for a total transaction of $36,460.34. Following the sale, the chief executive officer now owns 1,305,407 shares of the company’s stock, valued at approximately $12,544,961.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 22,345 shares of company stock worth $209,568 over the last three months. 11.50% of the stock is currently owned by insiders.

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.