EverCommerce Inc. (NASDAQ:EVCM) Given Average Rating of “Moderate Buy” by Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One research 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 twelve-month target price among brokerages that have covered the stock in the last year is $12.56.

A number of brokerages have recently issued reports on EVCM. JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Barclays increased their price target on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Oppenheimer upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler raised their target price on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th.

EverCommerce Price Performance

NASDAQ EVCM opened at $11.18 on Friday. EverCommerce has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The stock’s 50-day moving average is $11.36 and its two-hundred day moving average is $10.83. The firm has a market cap of $2.05 billion, a P/E ratio of -39.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

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

Insider Activity

In other EverCommerce news, CEO Eric Richard Remer sold 6,807 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.63, for a total transaction of $72,358.41. Following the sale, the chief executive officer now directly owns 8,117,356 shares in the company, valued at $86,287,494.28. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Matthew David Feierstein sold 7,455 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.06, for a total transaction of $89,907.30. Following the sale, the president now owns 2,239,169 shares in the company, valued at $27,004,378.14. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,687 shares of company stock valued at $1,883,355. 11.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of EverCommerce in the 3rd quarter valued at $107,000. The Manufacturers Life Insurance Company boosted its position in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC grew its holdings in EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after acquiring an additional 2,700 shares during the period. RIA Advisory Group LLC acquired a new stake in EverCommerce during the 3rd quarter worth about $241,000. Finally, Barclays PLC raised its position in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after acquiring an additional 22,360 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.