EverCommerce Inc. (NASDAQ:EVCM) Receives $11.13 Average PT from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.13.

A number of equities research analysts have commented on EVCM shares. Piper Sandler restated a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a report on Friday, March 15th. Barclays decreased their price objective on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, March 15th. JMP Securities restated a “market outperform” rating and set a $12.00 price target on shares of EverCommerce in a research note on Friday, March 15th. Royal Bank of Canada reduced their price objective on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of EverCommerce in a report on Friday, March 15th.

Insider Buying and Selling

In other news, CEO Eric Richard Remer sold 4,016 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.00, for a total value of $36,144.00. Following the sale, the chief executive officer now directly owns 1,292,061 shares of the company’s stock, valued at $11,628,549. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 22,345 shares of company stock valued at $209,568 over the last quarter. Corporate insiders own 11.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. Great Lakes Advisors LLC grew its holdings in EverCommerce by 42.9% during the fourth quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock valued at $2,249,000 after purchasing an additional 61,236 shares during the period. Bank of New York Mellon Corp lifted its position in shares of EverCommerce by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock valued at $1,859,000 after buying an additional 3,831 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of EverCommerce during the 4th quarter valued at approximately $391,000. RIA Advisory Group LLC purchased a new stake in EverCommerce in the 1st quarter worth approximately $242,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in EverCommerce by 7.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Stock Down 1.1 %

EverCommerce stock opened at $9.86 on Friday. EverCommerce has a 52-week low of $6.22 and a 52-week high of $13.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $9.56. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -42.87 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last announced 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). EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. The business had revenue of $169.44 million during the quarter, compared to analyst estimates of $172.41 million. Equities analysts predict that EverCommerce will post -0.14 EPS for the current year.

About EverCommerce

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.