Brokerages Set EverCommerce Inc. (NASDAQ:EVCM) Target Price at $12.56

Shares of EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat reports. One equities 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 1-year price objective among brokerages that have covered the stock in the last year is $12.56.

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

EverCommerce Trading Up 0.3 %

Shares of EVCM stock traded up $0.03 during trading hours on Thursday, reaching $10.50. 87,816 shares of the stock traded hands, compared to its average volume of 77,303. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.93 billion, a PE ratio of -37.50 and a beta of 1.12. EverCommerce has a 1-year low of $6.22 and a 1-year high of $12.35. The business has a fifty day moving average price of $11.50 and a 200 day moving average price of $10.97.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce's quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that EverCommerce will post -0.17 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Eric Richard Remer sold 4,200 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00. Following the completion of the sale, the chief executive officer now directly owns 8,068,540 shares of the company's stock, valued at approximately $83,670,759.80. This represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Matthew David Feierstein sold 20,401 shares of EverCommerce stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total transaction of $220,534.81. Following the completion of the transaction, the president now owns 2,217,294 shares in the company, valued at $23,968,948.14. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,699 shares of company stock valued at $1,851,669 over the last quarter. Insiders own 11.60% of the company's stock.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock worth $125,000 after buying an additional 1,089 shares during the period. Renaissance Technologies LLC increased its position in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company's stock worth $182,000 after acquiring an additional 2,700 shares during the period. Janus Henderson Group PLC raised its stake in EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock valued at $3,296,000 after purchasing an additional 3,837 shares during the last quarter. Bank of New York Mellon Corp raised its stake in EverCommerce by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company's stock valued at $1,805,000 after purchasing an additional 9,595 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in EverCommerce in the 3rd quarter valued at $107,000. Institutional investors and hedge funds own 97.91% of the company's stock.

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.