Jefferies Financial Group Lowers EverCommerce (NASDAQ:EVCM) Price Target to $10.00

EverCommerce (NASDAQ:EVCM - Free Report) had its target price decreased by Jefferies Financial Group from $12.00 to $10.00 in a report published on Friday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Oppenheimer cut their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday. 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 report on Friday. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $11.09.

EverCommerce Price Performance

EVCM traded up $0.01 during midday trading on Friday, reaching $9.98. 134,176 shares of the company's stock were exchanged, compared to its average volume of 134,166. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -35.64 and a beta of 1.12. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce has a one year low of $8.10 and a one year high of $12.35. The business has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $10.70.

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

Insiders Place Their Bets

In other EverCommerce news, CEO Eric Richard Remer sold 10,117 shares of EverCommerce stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $9.05, for a total transaction of $91,558.85. Following the completion of the sale, the chief executive officer now owns 7,686,872 shares of the company's stock, valued at approximately $69,566,191.60. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Matthew David Feierstein sold 20,401 shares of EverCommerce stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total transaction of $220,534.81. Following the sale, the president now directly owns 2,217,294 shares of the company's stock, valued at $23,968,948.14. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,735 shares of company stock valued at $1,864,596. Company insiders own 11.60% of the company's stock.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after buying an additional 1,092 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after buying an additional 2,040 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of EverCommerce in the 4th quarter valued at $29,000. Wells Fargo & Company MN grew its holdings in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after buying an additional 3,106 shares during the period. Finally, Barclays PLC grew its holdings in shares of EverCommerce by 11.2% in the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock valued at $363,000 after buying an additional 3,312 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

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.