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

EverCommerce Inc. (NASDAQ:EVCM) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.56.

A number of research firms have issued reports on EVCM. Barclays boosted their target price on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price objective on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JMP Securities raised their target price on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Piper Sandler raised their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th.

Insider Buying and Selling at EverCommerce

In other news, CEO Eric Richard Remer sold 18,142 shares of EverCommerce stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.73, for a total transaction of $212,805.66. Following the transaction, the chief executive officer now owns 8,005,806 shares in the company, valued at approximately $93,908,104.38. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 130,708 shares of company stock valued at $1,436,159. 11.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of EverCommerce by 10.6% during the 2nd 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 in the last quarter. Renaissance Technologies LLC boosted its position in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the last quarter. Janus Henderson Group PLC boosted its position in EverCommerce by 1.2% during the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after purchasing an additional 3,837 shares during the last quarter. Bank of New York Mellon Corp grew its stake in EverCommerce by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after purchasing an additional 9,595 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in EverCommerce in the 3rd quarter worth about $107,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Stock Up 1.9 %

NASDAQ:EVCM opened at $11.87 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $10.75 and a 200-day moving average of $10.61. The firm has a market capitalization of $2.18 billion, a PE 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.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $174.87 million. The business’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that EverCommerce will post -0.17 EPS 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.