EverCommerce (NASDAQ:EVCM – Free Report) had its price target reduced by Oppenheimer from $13.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.
EverCommerce Stock Up 4.6 %
Shares of NASDAQ EVCM opened at $9.36 on Friday. 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 has a 52 week low of $8.10 and a 52 week high of $12.35. The firm’s fifty day moving average is $10.17 and its 200 day moving average is $10.71. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -33.43 and a beta of 1.12.
EverCommerce (NASDAQ:EVCM – Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $175.00 million during the quarter, compared to analysts’ expectations of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, equities research analysts expect that EverCommerce will post -0.17 earnings per share for the current year.
Insider Buying and Selling at EverCommerce
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in EVCM. Janus Henderson Group PLC grew its position in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after buying an additional 110,183 shares during the period. Woodline Partners LP grew its position in shares of EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after buying an additional 106,359 shares during the period. JPMorgan Chase & Co. grew its position in shares of EverCommerce by 161.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after buying an additional 63,139 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of EverCommerce in the 4th quarter worth about $694,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of EverCommerce by 84.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock worth $1,468,000 after buying an additional 61,144 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.
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.
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