EverCommerce Inc. (NASDAQ:EVCM) Receives $10.71 Consensus Target Price from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $10.7143.

Several research firms have issued reports on EVCM. Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Canaccord Genuity Group cut their price objective on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 13th. The Goldman Sachs Group cut their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Finally, Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th.

Insider Transactions at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 19,200 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $11.43, for a total value of $219,456.00. Following the completion of the transaction, the chief executive officer owned 2,592,997 shares in the company, valued at approximately $29,637,955.71. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 313,751 shares of company stock valued at $3,525,362 in the last three months. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Barclays PLC raised its position in EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after acquiring an additional 1,101 shares in the last quarter. Prudential Financial Inc. increased its position in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Federated Hermes Inc. increased its position in shares of EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after buying an additional 1,667 shares in the last quarter. American Century Companies Inc. increased its position in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after buying an additional 4,576 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after buying an additional 7,085 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Stock Performance

Shares of EVCM opened at $12.33 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a market capitalization of $2.19 billion, a P/E ratio of 137.02, a P/E/G ratio of 2.69 and a beta of 1.01. The company’s fifty day moving average is $11.17 and its two-hundred day moving average is $11.06. EverCommerce has a 1 year low of $7.66 and a 1 year high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, sell-side analysts predict that EverCommerce will post 0.23 earnings per share for the current year.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.