Brokerages Set EverCommerce Inc. (NASDAQ:EVCM) PT at $11.00

EverCommerce Inc. (NASDAQ:EVCM) has received a consensus recommendation of “Reduce” from the ten analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.00.

EVCM has been the subject of a number of analyst reports. Barclays reduced their price target on EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Royal Bank Of Canada lowered EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th.

EverCommerce Stock Performance

Shares of EVCM stock opened at $11.61 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The company’s fifty day moving average price is $11.48 and its two-hundred day moving average price is $11.06. The firm has a market capitalization of $2.08 billion, a P/E ratio of -1,159.84, a P/E/G ratio of 2.30 and a beta of 1.04. EverCommerce has a 12 month low of $7.66 and a 12 month high of $14.41.

Insider Transactions at EverCommerce

In other news, President Matthew David Feierstein sold 10,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $11.34, for a total transaction of $113,400.00. Following the transaction, the president owned 2,014,214 shares of the company’s stock, valued at approximately $22,841,186.76. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $11.43, for a total value of $219,456.00. Following the completion of the transaction, the chief executive officer owned 2,592,997 shares of the company’s stock, valued at $29,637,955.71. This trade represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 390,448 shares of company stock worth $4,362,266. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently made changes to their positions in EVCM. Federated Hermes Inc. lifted its stake in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of EverCommerce during the third quarter worth $91,000. R Squared Ltd bought a new position in shares of EverCommerce in the 3rd quarter worth about $122,000. Prudential Financial Inc. lifted its position in shares of EverCommerce by 9.6% in 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 last quarter. Finally, Inceptionr LLC acquired a new position in shares of EverCommerce in the 2nd quarter valued at about $159,000. 97.91% of the stock is currently owned by institutional investors.

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.