EverCommerce Inc. (NASDAQ:EVCM) Receives $12.56 Average Price Target from Analysts

EverCommerce Inc. (NASDAQ:EVCM) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.56.

EVCM has been the topic of several recent analyst reports. Oppenheimer boosted their target price on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler raised their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Barclays upped their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

EverCommerce Price Performance

EverCommerce stock opened at $10.31 on Monday. The business has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $10.82. 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 company has a market capitalization of $1.89 billion, a PE ratio of -36.82 and a beta of 1.13. EverCommerce has a one year low of $6.22 and a one year high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that EverCommerce will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 8,867 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $12.01, for a total value of $106,492.67. Following the completion of the sale, the chief executive officer now owns 7,996,939 shares in the company, valued at $96,043,237.39. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Matthew David Feierstein sold 7,455 shares of EverCommerce stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.06, for a total transaction of $89,907.30. Following the completion of the transaction, the president now directly owns 2,239,169 shares of the company’s stock, valued at approximately $27,004,378.14. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 192,858 shares of company stock valued at $2,119,929. 11.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of EverCommerce in the fourth quarter valued at approximately $694,000. Charles Schwab Investment Management Inc. grew its position in EverCommerce by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after buying an additional 1,092 shares in the last quarter. JPMorgan Chase & Co. increased its stake in EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after acquiring an additional 63,139 shares during the period. Barclays PLC raised its holdings in EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after acquiring an additional 22,360 shares in the last quarter. Finally, State Street Corp lifted its position in shares of EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after acquiring an additional 12,156 shares during the period. Institutional investors and hedge funds 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.