EverCommerce (NASDAQ:EVCM) Issues Earnings Results

EverCommerce (NASDAQ:EVCM - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05), Briefing.com reports. The business had revenue of $175.00 million during the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. EverCommerce updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

EverCommerce Trading Up 6.5 %

Shares of NASDAQ EVCM traded up $0.61 during mid-day trading on Monday, hitting $9.97. The company's stock had a trading volume of 189,035 shares, compared to its average volume of 135,221. EverCommerce has a one year low of $8.10 and a one year high of $12.35. The company's fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.71. 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 stock has a market cap of $1.83 billion, a price-to-earnings ratio of -35.61 and a beta of 1.12.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EVCM. Piper Sandler dropped their target price on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday. Jefferies Financial Group cut their price objective on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a report on Friday. The Goldman Sachs Group lowered their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday. Royal Bank of Canada cut their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Friday. Finally, Barclays dropped their price objective on shares of EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, EverCommerce presently has a consensus rating of "Hold" and a consensus target price of $11.09.

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Insider Buying and Selling

In related news, President Matthew David Feierstein sold 20,401 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total value of $220,534.81. Following the completion of the sale, the president now owns 2,217,294 shares in the company, valued at approximately $23,968,948.14. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric Richard Remer sold 13,856 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $10.81, for a total value of $149,783.36. Following the transaction, the chief executive officer now owns 7,783,096 shares of the company's stock, valued at $84,135,267.76. The trade was a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,865 shares of company stock valued at $1,950,085 over the last ninety days. Insiders own 11.60% 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.