Brokerages Set EverCommerce Inc. (NASDAQ:EVCM) PT at $12.56

EverCommerce Inc. (NASDAQ:EVCM) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.56.

A number of equities research analysts have commented on the company. Barclays raised their target price on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler upped their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Oppenheimer lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their price target on EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th.

Insider Buying and Selling at EverCommerce

In other news, CEO Eric Richard Remer sold 7,099 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $10.69, for a total transaction of $75,888.31. Following the transaction, the chief executive officer now directly owns 8,124,163 shares of the company’s stock, valued at approximately $86,847,302.47. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 130,708 shares of company stock valued at $1,436,159 over the last three months. 11.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Barclays PLC grew its stake in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares in the last quarter. State Street Corp boosted its stake in shares of EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after buying an additional 12,156 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of EverCommerce by 1.2% during the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after buying an additional 3,837 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of EverCommerce in the third quarter worth $536,000. Finally, RIA Advisory Group LLC acquired a new stake in EverCommerce in the third quarter valued at $241,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Stock Performance

NASDAQ EVCM opened at $11.87 on Wednesday. The firm has a market cap of $2.18 billion, a P/E ratio of -42.39 and a beta of 1.07. EverCommerce has a 52-week low of $6.22 and a 52-week high of $12.35. The business’s 50-day moving average price is $10.75 and its 200 day moving average price is $10.61. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect that EverCommerce will post -0.17 earnings per share for the current year.

EverCommerce Company Profile

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.