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

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.44.

Separately, Oppenheimer reduced their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday.

EverCommerce Price Performance

EverCommerce stock traded up $0.46 during mid-day trading on Friday, reaching $9.41. 63,731 shares of the company were exchanged, compared to its average volume of 136,631. The company has a fifty day simple moving average of $10.20 and a 200-day simple moving average of $10.72. EverCommerce has a 12 month low of $6.22 and a 12 month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $1.73 billion, a PE ratio of -32.82 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same period last year, the firm posted ($0.12) EPS. EverCommerce’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that EverCommerce will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, President Matthew David Feierstein sold 2,888 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $10.01, for a total value of $28,908.88. Following the completion of the sale, the president now directly owns 2,209,807 shares of the company’s stock, valued at $22,120,168.07. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric Richard Remer sold 7,235 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $11.22, for a total value of $81,176.70. Following the completion of the transaction, the chief executive officer now directly owns 7,898,225 shares of the company’s stock, valued at approximately $88,618,084.50. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,748 shares of company stock valued at $1,858,526 in the last ninety days. 11.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverCommerce

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new stake in shares of EverCommerce in the fourth quarter worth about $127,000. Woodline Partners LP grew its stake in shares of EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after purchasing an additional 106,359 shares during the last quarter. State of Wyoming grew its stake in shares of EverCommerce by 245.4% in the fourth quarter. State of Wyoming now owns 32,875 shares of the company’s stock worth $362,000 after purchasing an additional 23,356 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of EverCommerce in the fourth quarter worth about $143,000. Finally, Janus Henderson Group PLC grew its stake in shares of EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after purchasing an additional 110,183 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

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.