EverCommerce Inc. (NASDAQ:EVCM) Given Average Recommendation of “Moderate Buy” by Analysts

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.39.

A number of brokerages have weighed in on EVCM. Raymond James lowered their price target on EverCommerce from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. Piper Sandler lowered their price target on EverCommerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 7th. Royal Bank of Canada decreased their target price on EverCommerce from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. Stifel Nicolaus decreased their target price on EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Finally, TheStreet downgraded EverCommerce from a “c-” rating to a “d+” rating in a research report on Thursday, November 9th.

View Our Latest Analysis on EverCommerce

Insider Buying and Selling

In related news, Director Debby Soo sold 10,588 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.46, for a total transaction of $89,574.48. Following the sale, the director now owns 25,569 shares of the company’s stock, valued at $216,313.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Debby Soo sold 10,588 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.46, for a total transaction of $89,574.48. Following the sale, the director now owns 25,569 shares of the company’s stock, valued at $216,313.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Richard Remer sold 3,137 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $10.38, for a total value of $32,562.06. Following the sale, the chief executive officer now directly owns 808,173 shares in the company, valued at approximately $8,388,835.74. The disclosure for this sale can be found here. Insiders have sold 84,144 shares of company stock valued at $792,038 over the last 90 days. 11.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its stake in EverCommerce by 82.7% during the first quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock worth $31,000 after purchasing an additional 1,053 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in EverCommerce by 7.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after purchasing an additional 1,500 shares during the last quarter. UBS Group AG lifted its stake in EverCommerce by 871.7% during the third quarter. UBS Group AG now owns 2,711 shares of the company’s stock worth $29,000 after purchasing an additional 2,432 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in EverCommerce by 379.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the company’s stock worth $40,000 after purchasing an additional 2,868 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in EverCommerce by 217.6% during the second quarter. Royal Bank of Canada now owns 4,246 shares of the company’s stock worth $51,000 after purchasing an additional 2,909 shares during the last quarter. 88.92% of the stock is currently owned by institutional investors.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $10.14 on Tuesday. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $9.97. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -50.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.65. EverCommerce has a one year low of $7.63 and a one year high of $13.47.

About EverCommerce

(Get Free Report

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 engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.

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Analyst Recommendations for EverCommerce (NASDAQ:EVCM)

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