EverCommerce Inc. (NASDAQ:EVCM) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $12.56.

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

EverCommerce Stock Performance

Shares of EVCM traded up $0.18 during trading hours on Friday, hitting $12.20. The company had a trading volume of 223,347 shares, compared to its average volume of 138,950. The business has a fifty day moving average of $11.23 and a 200-day moving average of $10.80. 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 cap of $2.24 billion, a price-to-earnings ratio of -43.57 and a beta of 1.12. EverCommerce has a 12 month low of $6.22 and a 12 month high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share 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 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. Equities analysts anticipate that EverCommerce will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at EverCommerce

In related news, CEO Eric Richard Remer sold 10,311 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $10.69, for a total value of $110,224.59. Following the completion of the sale, the chief executive officer now directly owns 8,138,352 shares in the company, valued at $86,998,982.88. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Matthew David Feierstein sold 17,545 shares of the 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 directly owns 2,246,624 shares of the company's stock, valued at $26,779,758.08. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,732 shares of company stock valued at $1,902,802. 11.60% of the stock is currently owned by corporate insiders.

Institutional Trading of EverCommerce

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