EverCommerce Inc. (EVCM) – What Are Researchers Saying About This Stock?

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.00.

A number of research firms have recently weighed in on EVCM. Weiss Ratings raised EverCommerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. Barclays increased their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Royal Bank Of Canada dropped their price target on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th.

EverCommerce Price Performance

Shares of EverCommerce stock opened at $9.14 on Friday. EverCommerce has a one year low of $6.21 and a one year high of $14.41. The stock’s fifty day moving average is $8.96 and its 200 day moving average is $10.13. The stock has a market cap of $1.61 billion, a P/E ratio of 50.78, a P/E/G ratio of 0.88 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). The company had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. EverCommerce’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. Sell-side analysts anticipate that EverCommerce will post 0.52 earnings per share for the current year.

Insider Buying and Selling at EverCommerce

In related news, President Matthew Feierstein sold 10,000 shares of EverCommerce stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the president owned 1,961,214 shares in the company, valued at approximately $19,612,140. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Remer sold 6,354 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $8.07, for a total transaction of $51,276.78. Following the completion of the transaction, the director directly owned 5,011,125 shares of the company’s stock, valued at $40,439,778.75. This represents a 0.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 526,027 shares of company stock worth $5,161,280 over the last 90 days. Insiders own 10.10% of the company’s stock.

Institutional Trading of EverCommerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP grew its holdings in EverCommerce by 16.7% during the 2nd quarter. Engineers Gate Manager LP now owns 20,821 shares of the company’s stock valued at $209,000 after buying an additional 2,982 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of EverCommerce in the second quarter worth $125,000. BlackRock Inc. purchased a new position in shares of EverCommerce in the second quarter worth $10,724,000. Deutsche Bank AG bought a new position in shares of EverCommerce during the second quarter worth $144,000. Finally, Bank of New York Mellon Corp purchased a new position in EverCommerce during the second quarter valued at $324,000. Institutional investors own 97.91% of the company’s stock.

About EverCommerce

EverCommerce, Inc is a Denver-based provider of integrated software and payment solutions for service-oriented small and medium-sized businesses. The company develops and operates vertical-market software designed to help businesses manage customer relationships, scheduling, communications, billing, payments, marketing and other administrative functions.

Its solutions serve a range of industries, including health services, home and field services, fitness and wellness, and other professional services.