EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of “Hold” by Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.13.

EVCM has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price target (down from $11.00) on shares of EverCommerce in a report on Friday, March 15th. Piper Sandler reiterated a “neutral” rating and set a $10.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Royal Bank of Canada cut their target price on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Barclays cut their target price on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, March 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a research report on Friday, March 15th.

Insider Activity at EverCommerce

In related news, CEO Eric Richard Remer sold 3,794 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $9.61, for a total transaction of $36,460.34. Following the transaction, the chief executive officer now owns 1,305,407 shares in the company, valued at approximately $12,544,961.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 22,345 shares of company stock worth $209,568 in the last quarter. Company insiders own 11.50% of the company’s stock.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in EverCommerce by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,605,886 shares of the company’s stock valued at $28,482,000 after purchasing an additional 122,286 shares in the last quarter. BlackRock Inc. grew its stake in shares of EverCommerce by 55.2% in the 1st quarter. BlackRock Inc. now owns 1,551,990 shares of the company’s stock worth $20,485,000 after acquiring an additional 551,952 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of EverCommerce by 11.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,349,469 shares of the company’s stock worth $17,813,000 after acquiring an additional 140,260 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of EverCommerce by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 671,515 shares of the company’s stock worth $4,996,000 after acquiring an additional 38,581 shares in the last quarter. Finally, State Street Corp grew its stake in shares of EverCommerce by 5.1% in the 1st quarter. State Street Corp now owns 500,672 shares of the company’s stock worth $5,297,000 after acquiring an additional 24,509 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

EverCommerce Price Performance

EVCM stock opened at $8.75 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.64. EverCommerce has a 12 month low of $6.22 and a 12 month high of $13.47. The firm has a market cap of $1.63 billion, a P/E ratio of -38.04 and a beta of 1.06. The company’s 50-day moving average price is $9.45 and its two-hundred day moving average price is $9.67.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The company had revenue of $169.44 million for the quarter, compared to the consensus estimate of $172.41 million. EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. On average, analysts anticipate that EverCommerce will post -0.14 earnings per share for the current fiscal year.

About EverCommerce

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.