EverCommerce (EVCM) Scheduled to Post Quarterly Earnings on Thursday

EverCommerce (NASDAQ:EVCM) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect EverCommerce to post earnings of ($0.06) per share for the quarter. EverCommerce has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). EverCommerce had a negative return on equity of 5.35% and a negative net margin of 6.75%. The firm had revenue of $169.44 million during the quarter, compared to the consensus estimate of $172.41 million. On average, analysts expect EverCommerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EverCommerce Trading Up 2.6 %

Shares of EVCM stock opened at $9.75 on Tuesday. The stock has a 50-day simple moving average of $9.21 and a 200 day simple moving average of $9.56. The stock has a market capitalization of $1.82 billion, a P/E ratio of -42.39 and a beta of 1.05. EverCommerce has a fifty-two week low of $6.22 and a fifty-two week high of $13.47. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

EVCM has been the topic of several recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of EverCommerce in a research note on Friday, March 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price objective (down previously from $11.00) on shares of EverCommerce in a research report on Friday, March 15th. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Royal Bank of Canada decreased their price target on EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Finally, Barclays cut their price objective on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.13.

Insider Buying and Selling

In other EverCommerce news, CEO Eric Richard Remer sold 4,016 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.00, for a total value of $36,144.00. Following the transaction, the chief executive officer now owns 1,292,061 shares in the company, valued at approximately $11,628,549. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders sold 22,345 shares of company stock worth $209,568. 11.50% of the stock is owned by company insiders.

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.