EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of "Moderate Buy" by Brokerages

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.45.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Finally, Evercore ISI raised their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th.

EverCommerce Trading Down 0.6 %

EverCommerce stock traded down $0.06 during mid-day trading on Friday, hitting $10.42. 50,006 shares of the stock were exchanged, compared to its average volume of 142,301. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. EverCommerce has a 12 month low of $6.22 and a 12 month high of $12.35. The firm's fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $10.30. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -49.62 and a beta of 1.08.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $177.39 million for the quarter, compared to the consensus estimate of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that EverCommerce will post -0.09 EPS for the current year.

Insider Activity

In other news, CEO Eric Richard Remer sold 10,311 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.69, for a total value of $110,224.59. Following the completion of the sale, the chief executive officer now owns 8,138,352 shares in the company, valued at $86,998,982.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 50,833 shares of company stock worth $533,031 over the last quarter. Insiders own 11.50% of the company's stock.

Institutional Trading of EverCommerce

A number of large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new stake in EverCommerce during the third quarter worth about $570,000. SG Americas Securities LLC purchased a new stake in EverCommerce during the third quarter worth about $107,000. The Manufacturers Life Insurance Company increased its holdings in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock worth $125,000 after buying an additional 1,089 shares during the last quarter. Millennium Management LLC increased its holdings in EverCommerce by 673.4% during the second 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 last quarter. Finally, AQR Capital Management LLC increased its holdings in EverCommerce by 394.8% during the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company's stock worth $611,000 after buying an additional 44,378 shares during the last quarter. Hedge funds and other institutional investors own 97.91% 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.