EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of “Hold” by Analysts

EverCommerce Inc. (NASDAQ:EVCM) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.25.

A number of equities research analysts have weighed in on EVCM shares. Royal Bank Of Canada reduced their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th.

Insider Transactions at EverCommerce

In other news, CEO Eric Richard Remer sold 4,644 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $9.05, for a total value of $42,028.20. Following the completion of the sale, the chief executive officer owned 5,751,607 shares of the company’s stock, valued at approximately $52,052,043.35. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $11.26, for a total value of $112,600.00. Following the transaction, the president owned 2,106,254 shares of the company’s stock, valued at $23,716,420.04. This trade represents a 0.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 252,796 shares of company stock worth $2,757,858 in the last quarter. Corporate insiders own 10.10% of the company’s stock.

Institutional Trading of EverCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of 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 purchasing an additional 1,190 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of EverCommerce during the second quarter worth $302,000. Finally, Lazard Asset Management LLC increased its position in shares of EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Stock Performance

Shares of EVCM stock opened at $10.65 on Thursday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 62.65, a PEG ratio of 2.14 and a beta of 0.93. 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 business’s 50-day moving average price is $10.21 and its 200-day moving average price is $11.09. EverCommerce has a 12 month low of $7.66 and a 12 month high of $14.41.

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

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.