EverCommerce Inc. (NASDAQ:EVCM) Receives Consensus Rating of “Hold” from Brokerages

Shares of EverCommerce Inc. (NASDAQ:EVCM) have earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.25.

A number of analysts recently commented on EVCM shares. Royal Bank Of Canada decreased their target price on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th.

Insiders Place Their Bets

In other news, CEO Eric Richard Remer sold 18,950 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.20, for a total value of $193,290.00. Following the transaction, the chief executive officer owned 5,699,462 shares in the company, valued at $58,134,512.40. The trade was a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.34, for a total value of $103,400.00. Following the sale, the president directly owned 2,065,448 shares of the company’s stock, valued at approximately $21,356,732.32. This represents a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 293,520 shares of company stock valued at $3,142,034 over the last three months. 10.10% of the stock is currently owned by insiders.

Institutional Trading of EverCommerce

Large investors have recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of EverCommerce in the second quarter worth about $168,000. BNP Paribas Financial Markets boosted its stake in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after purchasing an additional 13,734 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of EverCommerce in the fourth quarter worth about $177,000. Finally, Wells Fargo & Company MN lifted its holdings in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after buying an additional 7,085 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Price Performance

Shares of EverCommerce stock opened at $10.21 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 59.85 and a beta of 0.93. EverCommerce has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a 50-day simple moving average of $10.10 and a two-hundred day simple moving average of $11.03.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last 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.