EverCommerce Inc. (EVCM) – What Are Investment Firms Thinking About This Stock?

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.00.

Several research analysts have commented on the stock. Barclays upped their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, Weiss Ratings raised shares of EverCommerce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 24th.

Insider Transactions at EverCommerce

In other EverCommerce news, Director Eric Remer sold 47,353 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $8.24, for a total value of $390,188.72. Following the completion of the transaction, the director owned 5,022,792 shares of the company’s stock, valued at $41,387,806.08. This represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 506,827 shares of company stock worth $4,954,496 in the last 90 days. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. CoreCap Advisors LLC acquired a new stake in EverCommerce during the second quarter valued at approximately $2,716,000. BlackRock Inc. acquired a new position in EverCommerce during the 2nd quarter worth about $10,724,000. Quantinno Capital Management LP lifted its holdings in EverCommerce by 117.7% during the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock worth $552,000 after buying an additional 26,109 shares in the last quarter. Deutsche Bank AG bought a new position in EverCommerce in the second quarter valued at about $144,000. Finally, Bank of America Corp DE grew its position in shares of EverCommerce by 202.9% during the 1st quarter. Bank of America Corp DE now owns 47,848 shares of the company’s stock worth $547,000 after buying an additional 32,053 shares during the period. 97.91% of the stock is owned by institutional investors.

EverCommerce Trading Down 1.3%

EVCM stock traded down $0.12 on Friday, hitting $9.41. 54,780 shares of the company were exchanged, compared to its average volume of 144,987. The business’s fifty day moving average is $8.75 and its two-hundred day moving average is $10.06. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 0.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce has a twelve month low of $6.21 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%. The business had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. During the same period last year, the company posted $0.04 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that EverCommerce will post 0.52 earnings per share for the current year.

EverCommerce Company Profile

EverCommerce, Inc is a Denver-based provider of integrated software and payment solutions for service-oriented small and medium-sized businesses. The company develops and operates vertical-market software designed to help businesses manage customer relationships, scheduling, communications, billing, payments, marketing and other administrative functions.

Its solutions serve a range of industries, including health services, home and field services, fitness and wellness, and other professional services.