EverCommerce (NASDAQ:EVCM) Given New $12.00 Price Target at Canaccord Genuity Group

EverCommerce (NASDAQ:EVCM) had its target price cut by Canaccord Genuity Group from $14.00 to $12.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

EVCM has been the subject of several other reports. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a report on Friday. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. The Goldman Sachs Group decreased their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research note on Thursday, January 22nd. Finally, Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $10.71.

EverCommerce Stock Down 16.6%

Shares of EVCM opened at $10.05 on Friday. EverCommerce has a 12 month low of $7.66 and a 12 month high of $14.41. The firm’s 50 day moving average is $11.46 and its 200-day moving average is $11.10. The stock has a market capitalization of $1.80 billion, a PE ratio of 111.68, a P/E/G ratio of 2.45 and a beta of 1.04. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.47%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts forecast that EverCommerce will post -0.17 EPS for the current year.

Insider Buying and Selling at EverCommerce

In other news, CEO Eric Richard Remer sold 6,279 shares of EverCommerce stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $12.05, for a total value of $75,661.95. Following the transaction, the chief executive officer owned 2,554,791 shares in the company, valued at approximately $30,785,231.55. This trade represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Matthew David Feierstein sold 5,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $12.17, for a total value of $60,850.00. Following the transaction, the president directly owned 1,984,941 shares of the company’s stock, valued at $24,156,731.97. This trade represents a 0.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 329,197 shares of company stock valued at $3,836,391 over the last 90 days. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of EverCommerce

Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after acquiring an additional 547,712 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after acquiring an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after purchasing an additional 50,854 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after purchasing an additional 47,470 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Key EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: AI product traction — Management highlighted new AI offerings (EverHealth Scribe) and partnerships that support the company’s pivot to higher‑margin, product‑led growth. Read More.
• Positive Sentiment: Gross‑profit improvement — Reported gross profit expanded sharply in the quarter, which could indicate improving unit economics if sustainable. Read More.
• Positive Sentiment: Balance‑sheet buffer — Management reported roughly $130M of cash and equivalents, providing runway to invest in AI initiatives without immediate financing pressure. Read More.
• Neutral Sentiment: Earnings materials available — Full Q4 call transcript and slide deck were posted; upcoming management commentary on AI adoption, churn and pipeline will be key to near‑term sentiment. Read More.
• Negative Sentiment: EPS miss — Q4 EPS of $0.03 missed consensus (~$0.04), disappointing investors focused on near‑term profitability despite year‑over‑year improvement from a loss a year ago. Read More.
• Negative Sentiment: Guidance below street expectations — Q1 revenue guidance ($145.5M–$148.5M) and FY‑2026 revenue range ($612M–$632M) are under the consensus figure, raising short‑term growth concerns and repricing risk. Read More.
• Negative Sentiment: Analyst downgrades & lower targets — Multiple firms trimmed price targets and ratings (RBC, Goldman/others noted), which reduces buy‑side support and amplifies downside pressure. Read More.
• Negative Sentiment: Insider selling & institutional outflows — CEO disclosed multiple recent sales and third‑party data show institutional reductions, which can sap sentiment even if some sales are routine. Read More.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.