EverCommerce (NASDAQ:EVCM) Stock Rating Upgraded by Wall Street Zen

EverCommerce (NASDAQ:EVCM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

EVCM has been the subject of a number of other reports. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Royal Bank Of Canada cut their target price 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. Canaccord Genuity Group reduced their target price on EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Weiss Ratings upgraded EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Finally, Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, EverCommerce has a consensus rating of “Hold” and a consensus target price of $10.71.

EverCommerce Trading Down 0.8%

EVCM opened at $10.35 on Friday. The firm has a 50 day simple moving average of $11.29 and a 200 day simple moving average of $11.05. EverCommerce has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 115.01, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The business had revenue of $151.15 million during the quarter, compared to the consensus estimate of $150.06 million. During the same period in the previous year, the business posted ($0.07) earnings per share. EverCommerce’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that EverCommerce will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In other EverCommerce news, President Matthew David Feierstein sold 10,000 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $11.66, for a total transaction of $116,600.00. Following the completion of the transaction, the president owned 2,080,919 shares in the company, valued at approximately $24,263,515.54. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total value of $221,184.00. Following the completion of the sale, the chief executive officer directly owned 2,760,818 shares in the company, valued at $31,804,623.36. This represents a 0.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 301,745 shares of company stock valued at $3,420,129. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. Squarepoint Ops LLC bought a new stake in EverCommerce in the 2nd quarter valued at approximately $595,000. Arrowstreet Capital Limited Partnership grew its stake in shares of EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after acquiring an additional 547,712 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of EverCommerce in the second quarter valued at approximately $159,000. American Century Companies Inc. raised its holdings in shares of EverCommerce by 19.8% in the second 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. Finally, Barclays PLC lifted its position in shares of EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.