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

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

A number of research analysts recently weighed in on EVCM shares. Barclays raised their target price on shares of EverCommerce from $9.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on EverCommerce from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 7th. Evercore ISI lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Piper Sandler boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, Oppenheimer boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In other EverCommerce news, CEO Eric Richard Remer sold 13,200 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.04, for a total value of $145,728.00. Following the completion of the transaction, the chief executive officer now owns 7,970,481 shares in the company, valued at $87,994,110.24. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 111,377 shares of company stock worth $1,217,786 over the last ninety days. Corporate insiders own 11.60% of the company's stock.

Institutional Trading of EverCommerce

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in EverCommerce by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company's stock worth $15,684,000 after acquiring an additional 30,481 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of EverCommerce in the 1st quarter valued at about $123,000. DekaBank Deutsche Girozentrale increased its stake in EverCommerce by 57.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company's stock valued at $512,000 after purchasing an additional 20,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of EverCommerce by 6.2% in 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 buying an additional 9,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock worth $3,740,000 after acquiring an additional 95,934 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded up $0.06 during trading on Wednesday, hitting $11.26. The company's stock had a trading volume of 95,062 shares, compared to its average volume of 140,844. The company has a 50-day moving average of $10.70 and a 200-day moving average of $10.58. EverCommerce has a 12 month low of $6.22 and a 12 month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -40.21 and a beta of 1.07.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its 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 firm had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The business's revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts expect that EverCommerce will post -0.09 earnings per share for the current year.

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.