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

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One 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 1 year target price among brokerages that have issued a report on the stock in the last year is $12.56.

Several equities analysts have recently weighed in on EVCM shares. JMP Securities raised their price target on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada raised their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays upped their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Oppenheimer raised their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler upped their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th.

EverCommerce Trading Up 1.3 %

NASDAQ:EVCM opened at $10.31 on Monday. EverCommerce has a one year low of $6.22 and a one year high of $12.35. The company’s 50-day simple moving average is $10.94 and its 200 day simple moving average is $10.83. The firm has a market capitalization of $1.89 billion, a P/E ratio of -36.82 and a beta of 1.13. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. EverCommerce’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts forecast that EverCommerce will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other EverCommerce news, CEO Eric Richard Remer sold 8,867 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $12.01, for a total value of $106,492.67. Following the transaction, the chief executive officer now directly owns 7,996,939 shares of the company’s stock, valued at approximately $96,043,237.39. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Matthew David Feierstein sold 17,545 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.92, for a total transaction of $209,136.40. Following the sale, the president now owns 2,246,624 shares of the company’s stock, valued at $26,779,758.08. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 192,858 shares of company stock worth $2,119,929. 11.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in EverCommerce during the 3rd quarter valued at approximately $107,000. The Manufacturers Life Insurance Company raised its position in shares of EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after buying an additional 2,700 shares in the last quarter. RIA Advisory Group LLC bought a new position in shares of EverCommerce during the third quarter worth $241,000. Finally, Barclays PLC grew its stake in EverCommerce by 305.6% during the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after acquiring an additional 22,360 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

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.