EverCommerce (NASDAQ:EVCM) Hits New 12-Month High - Should You Buy?

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $12.90 and last traded at $12.90, with a volume of 369 shares. The stock had previously closed at $11.53.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EVCM shares. JMP Securities upped their target price on EverCommerce from $12.00 to $15.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their target price on shares of EverCommerce from $12.00 to $14.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Piper Sandler upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Oppenheimer lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Barclays upped their target price on EverCommerce from $9.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.56.

EverCommerce Stock Performance

The company has a fifty day moving average of $11.45 and a two-hundred day moving average of $10.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -41.03 and a beta of 1.12.

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 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 quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Insider Transactions at EverCommerce

In other news, President Matthew David Feierstein sold 7,455 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $12.06, for a total transaction of $89,907.30. Following the completion of the sale, the president now directly owns 2,239,169 shares in the company, valued at $27,004,378.14. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric Richard Remer sold 5,436 shares of the business's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $10.09, for a total transaction of $54,849.24. Following the completion of the transaction, the chief executive officer now owns 8,100,550 shares in the company, valued at approximately $81,734,549.50. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,722 shares of company stock worth $1,746,522. Company insiders own 11.60% of the company's stock.

Institutional Trading of EverCommerce

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC grew its position in shares of EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company's stock worth $3,550,000 after buying an additional 281,551 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in EverCommerce in the third quarter valued at $570,000. Dimensional Fund Advisors LP raised its holdings in shares of EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock valued at $3,740,000 after purchasing an additional 95,934 shares during the period. Janus Henderson Group PLC boosted its position in shares of EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of EverCommerce in the 3rd quarter valued at about $536,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.