EverCommerce Inc. (NASDAQ:EVCM) Receives $11.36 Consensus Price Target from Analysts

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.36.

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Royal Bank Of Canada reduced their target price on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group raised their target price on shares of EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Jefferies Financial Group reduced their target price on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Finally, Piper Sandler reduced their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th.

Insider Activity at EverCommerce

In other EverCommerce news, insider Lisa E. Storey sold 2,941 shares of EverCommerce stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $11.39, for a total transaction of $33,497.99. Following the completion of the transaction, the insider now owns 214,593 shares in the company, valued at approximately $2,444,214.27. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eric Richard Remer sold 7,164 shares of EverCommerce stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $10.51, for a total transaction of $75,293.64. Following the transaction, the chief executive officer now owns 7,621,070 shares of the company’s stock, valued at approximately $80,097,445.70. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,415 shares of company stock worth $2,260,250 over the last 90 days. Company insiders own 10.40% of the company’s stock.

Institutional Trading of EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the fourth quarter worth $29,000. Tower Research Capital LLC TRC grew its holdings in EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after purchasing an additional 2,040 shares during the period. Deutsche Bank AG grew its holdings in EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the period. EntryPoint Capital LLC purchased a new stake in EverCommerce in the first quarter valued at approximately $102,000. Finally, Wells Fargo & Company MN grew its holdings in EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock valued at $116,000 after purchasing an additional 3,106 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Trading Up 3.0%

Shares of EverCommerce stock opened at $10.12 on Friday. EverCommerce has a 1 year low of $8.10 and a 1 year high of $12.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $1.85 billion, a P/E ratio of -56.22 and a beta of 1.05. The company’s fifty day moving average is $10.08 and its two-hundred day moving average is $10.30.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The firm had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. During the same quarter last year, the business posted ($0.09) EPS. The firm’s revenue was down 16.3% on a year-over-year basis. Analysts forecast that EverCommerce will post -0.17 earnings per share for the current year.

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.