EverCommerce (NASDAQ:EVCM) Issues Earnings Results

EverCommerce (NASDAQ:EVCM) announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10), FiscalAI reports. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter last year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.

Here are the key takeaways from EverCommerce’s conference call:

• EverCommerce beat guidance in Q1 with $147.5M revenue (+3.6% YoY) and $40.7M adjusted EBITDA (27.6% margin), and pro forma LTM revenue of $596M, signaling stronger-than-expected operating performance.
• Management is pushing an AI-first strategy (native, agentic features) and integration of ZyraTalk, citing early customer wins that have already driven job bookings and large time savings, which management expects to lift retention and ARPU.
• Payments and the company’s top six solutions are accelerating—top-six TPV grew 19.8% YoY and top-solution payments revenue rose 10% YoY—helping drive high incremental margins (payments presented as ~95% gross margin contribution).
• Multi-product adoption is improving (active multi-solution customers +32% YoY to ~131k) and multi-solution NRR >100%, but overall LTM NRR was 95% with a modest drag from declining legacy third-party partner payments.
• Company reiterated full-year guidance (FY revenue $612M–$632M; adj. EBITDA $183M–$191M), repurchased $13.9M of stock in Q1, ended the quarter with $129M cash and ~2.2x net leverage, indicating continued buybacks and financial flexibility but material debt on the books.

EverCommerce Trading Up 0.2%

EVCM traded up $0.02 during mid-day trading on Tuesday, reaching $8.73. The stock had a trading volume of 124,389 shares, compared to its average volume of 137,339. The firm’s fifty day simple moving average is $10.55 and its two-hundred day simple moving average is $11.12. The stock has a market capitalization of $1.54 billion, a P/E ratio of 51.36, a P/E/G ratio of 1.90 and a beta of 0.92. EverCommerce has a 52 week low of $7.66 and a 52 week high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08.

Analyst Ratings Changes

A number of research firms have recently commented on EVCM. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. The Goldman Sachs Group decreased their price target 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. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Royal Bank Of Canada lowered their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Finally, Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, EverCommerce has an average rating of “Hold” and an average price target of $11.25.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 13,542 shares of EverCommerce stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.53, for a total value of $142,597.26. Following the sale, the chief executive officer owned 2,809,084 shares of the company’s stock, valued at $29,579,654.52. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $11.90, for a total transaction of $119,000.00. Following the completion of the sale, the president owned 2,160,606 shares of the company’s stock, valued at $25,711,211.40. This trade represents a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 283,599 shares of company stock worth $3,112,640 in the last ninety days. 10.10% of the stock is currently owned by insiders.

Institutional Trading of EverCommerce

Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of EverCommerce during the fourth quarter valued at $177,000. BNP Paribas Financial Markets lifted its holdings in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares during the period. Oxford Asset Management LLP acquired a new position in shares of EverCommerce during the second quarter worth $168,000. Finally, Wells Fargo & Company MN grew its stake in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Company Profile

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.