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

Shares of EverCommerce Inc. (NASDAQ:EVCM – Get Rating) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.54.

EVCM has been the topic of several recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $9.00 target price on shares of EverCommerce in a research note on Thursday. Royal Bank of Canada lifted their price objective on EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays lifted their price objective on EverCommerce from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on EverCommerce from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 23rd. Finally, Oppenheimer lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday.

Insider Transactions at EverCommerce

In other news, CEO Eric Richard Remer sold 15,167 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $9.58, for a total value of $145,299.86. Following the sale, the chief executive officer now directly owns 1,389,062 shares of the company’s stock, valued at approximately $13,307,213.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Eric Richard Remer sold 15,167 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $9.58, for a total value of $145,299.86. Following the sale, the chief executive officer now directly owns 1,389,062 shares of the company’s stock, valued at approximately $13,307,213.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Marc Christopher Thompson sold 7,611 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $9.58, for a total transaction of $72,913.38. Following the completion of the transaction, the chief financial officer now owns 939,093 shares of the company’s stock, valued at $8,996,510.94. The disclosure for this sale can be found here. Insiders have sold a total of 47,695 shares of company stock valued at $440,763 in the last ninety days. 9.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in EverCommerce by 82.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock worth $31,000 after acquiring an additional 1,053 shares during the last quarter. UBS Group AG raised its holdings in EverCommerce by 871.7% in the 3rd quarter. UBS Group AG now owns 2,711 shares of the company’s stock worth $29,000 after acquiring an additional 2,432 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in EverCommerce in the 3rd quarter worth approximately $38,000. Tower Research Capital LLC TRC raised its holdings in EverCommerce by 379.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the company’s stock worth $40,000 after acquiring an additional 2,868 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in EverCommerce by 507.2% in the 2nd quarter. Lazard Asset Management LLC now owns 5,398 shares of the company’s stock worth $48,000 after acquiring an additional 4,509 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

EverCommerce Stock Down 4.7 %

NASDAQ EVCM opened at $10.25 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $1.98 billion, a PE ratio of -42.71, a PEG ratio of 1.18 and a beta of 1.21. EverCommerce has a 1 year low of $5.87 and a 1 year high of $14.22. The business’s 50-day moving average is $9.74 and its 200 day moving average is $8.99.

About EverCommerce

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EverCommerce Inc, together with its subsidiaries, engages in providing 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, including route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions that comprise e-invoicing, mobile payments, and integrated payment processing; customer engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.