EverCommerce (NASDAQ:EVCM) Posts Earnings Results, Misses Estimates By $0.10 EPS

EverCommerce (NASDAQ:EVCM) released its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10), FiscalAI reports. The firm had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.94%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 EPS.

Here are the key takeaways from EverCommerce’s conference call:

• Second-quarter adjusted EBITDA exceeded guidance at $44.5 million, with a 29.3% margin, while revenue of $152 million grew 2.7% year over year and met the midpoint of guidance.
• Cross-sell momentum remained strong, with customers actively using multiple solutions increasing 26% year over year to approximately 140,000; TPV in the company’s top six growth solutions rose 16.4%.
• EverCommerce expects full-year 2026 revenue of $612 million-$632 million and adjusted EBITDA of $183 million-$191 million to trend toward the lower end of the ranges, primarily because of slower new-customer acquisition in certain EverPro products.
• Management attributed acquisition weakness in some product lines to evolving AI-driven search behavior, though it said technical optimization and go-to-market initiatives are beginning to improve leading indicators and could support acceleration later in the year.
• CEO Eric Remer is stepping down after nearly two decades and will remain on the board, with Alex Goor becoming CEO on August 6; Goor said his initial focus will be understanding the business and using technology to improve execution.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded up $0.07 during midday trading on Friday, reaching $10.68. The company had a trading volume of 77,544 shares, compared to its average volume of 145,584. The business’s 50-day simple moving average is $10.36 and its 200 day simple moving average is $10.91. The stock has a market cap of $1.89 billion, a P/E ratio of 59.31, a P/E/G ratio of 1.06 and a beta of 0.91. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. EverCommerce has a 1 year low of $7.66 and a 1 year high of $14.41.

Analysts Set New Price Targets

Several equities analysts have weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Barclays raised their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Royal Bank Of Canada decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.86.

Insiders Place Their Bets

In other news, CEO Eric Richard Remer sold 19,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $10.77, for a total transaction of $206,784.00. Following the completion of the transaction, the chief executive officer directly owned 5,660,251 shares of the company’s stock, valued at $60,960,903.27. This represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 306,500 shares of company stock valued at $3,238,333 over the last three months. 10.10% of the stock is currently owned by insiders.

Institutional Trading of EverCommerce

Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce in the 4th quarter worth $177,000. BNP Paribas Financial Markets lifted its holdings in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares during the period. Oxford Asset Management LLP purchased a new stake in EverCommerce during the second quarter worth about $168,000. 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.

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.