EverCommerce Inc. (NASDAQ:EVCM) Receives $11.09 Consensus Price Target from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.09.

EVCM has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Barclays lowered their target price on shares of EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Oppenheimer cut their price target on EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 14th. Finally, Piper Sandler dropped their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, March 17th.

Insider Transactions at EverCommerce

In related news, President Matthew David Feierstein sold 2,888 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $10.01, for a total value of $28,908.88. Following the completion of the transaction, the president now directly owns 2,209,807 shares of the company's stock, valued at approximately $22,120,168.07. This represents a 0.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Richard Remer sold 8,149 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $9.41, for a total value of $76,682.09. Following the transaction, the chief executive officer now owns 7,560,663 shares of the company's stock, valued at approximately $71,145,838.83. This trade represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,758 shares of company stock valued at $2,729,767 over the last 90 days. 11.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On EverCommerce

Several institutional investors have recently bought and sold shares of EVCM. BNP Paribas Financial Markets bought a new position in shares of EverCommerce during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after purchasing an additional 2,040 shares in the last quarter. Deutsche Bank AG increased its stake in EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after buying an additional 3,667 shares during the last quarter. GAMMA Investing LLC increased its stake in EverCommerce by 838.8% in the 1st quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock valued at $706,000 after buying an additional 6,358 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after buying an additional 3,106 shares in the last quarter. Institutional investors own 97.91% of the company's stock.

EverCommerce Trading Up 1.6 %

EVCM traded up $0.16 during mid-day trading on Tuesday, reaching $10.09. The stock had a trading volume of 152,381 shares, compared to its average volume of 137,009. The firm's fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $10.64. The stock has a market capitalization of $1.85 billion, a P/E ratio of -36.03 and a beta of 1.06. EverCommerce has a 52 week low of $8.10 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) EPS. On average, equities analysts predict that EverCommerce will post -0.17 EPS for the current 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.