Analysts Set EverCommerce Inc. (NASDAQ:EVCM) Target Price at $11.13

EverCommerce Inc. (NASDAQ:EVCM) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.13.

Several research firms have issued reports on EVCM. Barclays cut their price target on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price target on shares of EverCommerce in a report on Friday, March 15th. Piper Sandler reiterated a “neutral” rating and set a $10.00 price objective on shares of EverCommerce in a research note on Friday, March 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price objective (down from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Finally, Royal Bank of Canada lowered their price objective on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 15th.

Insider Transactions at EverCommerce

In other news, CEO Eric Richard Remer sold 4,016 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.00, for a total transaction of $36,144.00. Following the completion of the sale, the chief executive officer now owns 1,292,061 shares of the company’s stock, valued at $11,628,549. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 22,345 shares of company stock valued at $209,568 over the last 90 days. Corporate insiders own 11.50% of the company’s stock.

Institutional Trading of EverCommerce

A number of institutional investors and hedge funds have recently modified their holdings of EVCM. Strs Ohio purchased a new stake in EverCommerce during the 3rd quarter valued at about $108,000. Quest Partners LLC purchased a new stake in EverCommerce during the 4th quarter valued at about $135,000. RIA Advisory Group LLC purchased a new stake in EverCommerce during the 1st quarter valued at about $242,000. Raymond James Financial Services Advisors Inc. grew its stake in EverCommerce by 7.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after acquiring an additional 1,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in EverCommerce during the 4th quarter valued at about $391,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Stock Performance

EverCommerce stock opened at $9.75 on Friday. The company has a market capitalization of $1.82 billion, a PE ratio of -42.39 and a beta of 1.05. The company has a 50 day moving average price of $9.21 and a 200-day moving average price of $9.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.53. EverCommerce has a fifty-two week low of $6.22 and a fifty-two week high of $13.47.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The business had revenue of $169.44 million for the quarter, compared to analysts’ expectations of $172.41 million. EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. As a group, equities analysts forecast that EverCommerce will post -0.14 earnings per share for the current year.

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.