EverCommerce Inc. (NASDAQ:EVCM) Receives Consensus Rating of “Hold” from Brokerages

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.7143.

Several analysts recently issued reports on the stock. Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st.

Insider Activity

In other news, President Matthew David Feierstein sold 5,000 shares of EverCommerce stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $11.40, for a total transaction of $57,000.00. Following the transaction, the president directly owned 2,155,606 shares of the company’s stock, valued at $24,573,908.40. The trade was a 0.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric Richard Remer sold 5,503 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $11.55, for a total value of $63,559.65. Following the transaction, the chief executive officer owned 2,934,123 shares of the company’s stock, valued at approximately $33,889,120.65. This trade represents a 0.19% decrease in their ownership of the stock. 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 320,945 shares of company stock valued at $3,604,916 in the last three months. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently added to or reduced their stakes in EVCM. Federated Hermes Inc. boosted its position in shares of EverCommerce by 118.3% in 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 period. State of Alaska Department of Revenue bought a new stake in shares of EverCommerce during the 3rd quarter valued at $91,000. R Squared Ltd bought a new stake in shares of EverCommerce during the 3rd quarter valued at $122,000. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of EverCommerce during the 4th quarter valued at $177,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Key Headlines Impacting EverCommerce

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Institutional buying — multiple hedge funds and asset managers increased positions in recent quarters, keeping institutional ownership very high (~98%), which can support the stock if buy‑and‑hold demand continues. MarketBeat EVCM
• Neutral Sentiment: CEO sales executed under a Rule 10b5‑1 plan — Eric Remer has sold multiple tranches across April; filings show the trades were made under a pre‑arranged plan, which reduces the signal of opportunistic timing but still increases float. See the SEC filing for details. SEC Form 4
• Negative Sentiment: Rising short interest — short interest climbed ~14% to ~1.64M shares as of April 15, producing a ~14‑day short‑interest ratio. Higher shorting raises potential downside pressure and risk of volatility if sentiment shifts.
• Negative Sentiment: Large insider selling overall — the CEO sold many shares in April (multiple days, thousands of shares), reducing his stake marginally; while plan‑based, the volume and cadence can be viewed negatively by some investors. InsiderTrades article
• Negative Sentiment: Analyst/price‑target pressure — recent analyst coverage puts a consensus price target around $10.71 and several firms have trimmed targets or downgraded to Hold/Market Perform, signaling limited near‑term upside against current levels. Analyst note

EverCommerce Trading Up 3.4%

Shares of NASDAQ:EVCM opened at $11.75 on Friday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 130.57, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The stock’s 50-day simple moving average is $11.29 and its two-hundred day simple moving average is $11.08. EverCommerce has a 52-week low of $7.66 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results 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 firm had revenue of $151.15 million for the quarter, compared to the consensus estimate of $150.06 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts expect that EverCommerce will post 0.23 EPS for the current year.

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.