EverCommerce Inc. (NASDAQ:EVCM) Given Average Rating of "Moderate Buy" by Analysts

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.56.

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

Insiders Place Their Bets

In other EverCommerce news, President Matthew David Feierstein sold 2,888 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $10.01, for a total transaction of $28,908.88. Following the transaction, the president now owns 2,209,807 shares of the company's stock, valued at $22,120,168.07. This represents a 0.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Eric Richard Remer sold 10,942 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.26, for a total value of $112,264.92. Following the completion of the transaction, the chief executive officer now owns 7,822,380 shares of the company's stock, valued at $80,257,618.80. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,151 shares of company stock worth $1,931,140. Insiders own 11.60% of the company's stock.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. Raymond James Financial Inc. acquired a new stake in EverCommerce during the fourth quarter worth about $694,000. Charles Schwab Investment Management Inc. increased its position in EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after purchasing an additional 1,092 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in EverCommerce by 161.4% in the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock valued at $1,059,000 after buying an additional 63,139 shares during the period. Barclays PLC lifted its position 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 buying an additional 22,360 shares in the last quarter. Finally, State Street Corp lifted its position in EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company's stock valued at $5,335,000 after buying an additional 12,156 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

EverCommerce Price Performance

NASDAQ:EVCM remained flat at $10.18 during trading hours on Monday. 118,257 shares of the company were exchanged, compared to its average volume of 87,890. EverCommerce has a 12-month low of $6.22 and a 12-month high of $12.35. 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 $1.87 billion, a price-to-earnings ratio of -36.36 and a beta of 1.13. The firm's fifty day moving average is $10.98 and its 200-day moving average is $10.84.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its 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). The business had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company's revenue for the quarter was up .9% compared to the same quarter last year. Research analysts forecast that EverCommerce will post -0.17 EPS for the current fiscal year.

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.