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

EverCommerce Inc. (NASDAQ:EVCM) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.13.

Several equities analysts recently issued reports on EVCM shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a report on Friday, March 15th. Barclays dropped their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 15th. Royal Bank of Canada decreased their target price on EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a report on Friday, March 15th.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.53. EverCommerce has a 1 year low of $6.22 and a 1 year high of $13.47. The firm’s 50-day simple moving average is $9.21 and its 200-day simple moving average is $9.57. The firm has a market cap of $1.77 billion, a PE ratio of -41.30 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data 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). EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. The firm had revenue of $169.44 million for the quarter, compared to analyst estimates of $172.41 million. Equities analysts forecast that EverCommerce will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other EverCommerce news, CEO Eric Richard Remer sold 4,016 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $9.00, for a total transaction of $36,144.00. Following the completion of the transaction, the chief executive officer now owns 1,292,061 shares in the company, valued at approximately $11,628,549. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 22,345 shares of company stock valued at $209,568 in the last three months. 11.50% of the stock is currently owned by corporate insiders.

Institutional Trading of EverCommerce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of EverCommerce by 7.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after acquiring an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in EverCommerce by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock valued at $1,859,000 after purchasing an additional 3,831 shares in the last quarter. Strs Ohio acquired a new position in shares of EverCommerce during the 3rd quarter valued at $108,000. Quest Partners LLC acquired a new position in shares of EverCommerce during the 4th quarter valued at $135,000. Finally, RIA Advisory Group LLC bought a new stake in shares of EverCommerce in the 1st quarter worth $242,000. 97.91% of the stock is currently owned by institutional investors.

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.