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

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.25.

A number of equities research analysts have recently issued reports on EVCM shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Canaccord Genuity Group boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Insider Activity

In other news, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $10.77, for a total value of $206,784.00. Following the transaction, the chief executive officer directly owned 5,660,251 shares of the company’s stock, valued at $60,960,903.27. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matthew David Feierstein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $11.87, for a total transaction of $118,700.00. Following the sale, the president owned 2,135,606 shares in the company, valued at $25,349,643.22. This represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 299,400 shares of company stock valued at $3,130,270. Corporate insiders own 10.10% of the company’s stock.

Institutional Trading of EverCommerce

Several large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in shares of EverCommerce in the second quarter worth approximately $2,716,000. Tudor Investment Corp ET AL boosted its holdings in shares of EverCommerce by 200.7% during the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares during the period. Goldman Sachs Group Inc. grew its position in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after purchasing an additional 50,854 shares in the last quarter. Lazard Asset Management LLC grew its position in EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after purchasing an additional 49,041 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in EverCommerce in the 3rd quarter valued at approximately $418,000. 97.91% of the stock is owned by institutional investors and hedge funds.

EverCommerce Stock Performance

EverCommerce stock opened at $11.56 on Monday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 68.00, a price-to-earnings-growth ratio of 1.03 and a beta of 0.93. EverCommerce has a 1 year low of $7.66 and a 1 year high of $14.41. The firm’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $10.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. EverCommerce’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. On average, research analysts predict that EverCommerce will post 0.57 EPS for the current fiscal year.

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.