EverCommerce Inc. (NASDAQ:EVCM) Receives $11.50 Consensus Target Price from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.50.

EVCM has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and issued a $13.00 price target (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Saturday, September 27th. Zacks Research upgraded EverCommerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Piper Sandler upped their price target on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th.

Insider Transactions at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 25,000 shares of EverCommerce stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.24, for a total value of $281,000.00. Following the sale, the president directly owned 2,211,383 shares in the company, valued at approximately $24,855,944.92. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ryan H. Siurek sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $10.62, for a total transaction of $106,200.00. Following the sale, the chief financial officer directly owned 245,549 shares in the company, valued at $2,607,730.38. This trade represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,100 shares of company stock valued at $3,166,671 over the last 90 days. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of EVCM. BNP Paribas Financial Markets bought a new stake in EverCommerce during the fourth quarter worth about $29,000. Deutsche Bank AG increased its position in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after purchasing an additional 3,667 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of EverCommerce during the 1st quarter worth approximately $102,000. Mackenzie Financial Corp acquired a new stake in shares of EverCommerce in the 4th quarter valued at approximately $127,000. Finally, Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Stock Up 1.2%

EverCommerce stock opened at $11.03 on Tuesday. The company has a 50 day moving average of $11.23 and a 200-day moving average of $10.60. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70. EverCommerce has a twelve month low of $8.10 and a twelve month high of $12.34. The stock has a market capitalization of $2.00 billion, a PE ratio of -91.91, a price-to-earnings-growth ratio of 9.54 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. On average, equities research analysts anticipate that EverCommerce will post -0.17 EPS for the current fiscal 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.