EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of “Hold” by Brokerages

Shares of EverCommerce Inc. (NASDAQ:EVCM) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.25.

A number of equities research analysts recently weighed in on EVCM shares. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Canaccord Genuity Group boosted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th.

EverCommerce Price Performance

EVCM opened at $11.56 on Monday. The stock’s 50 day moving average price is $10.11 and its 200 day moving average price is $10.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $2.05 billion, a P/E ratio of 68.00, a P/E/G ratio of 1.03 and a beta of 0.93. EverCommerce has a 12 month low of $7.66 and a 12 month high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The business had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter last year, the firm posted $0.01 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts predict that EverCommerce will post 0.57 earnings per share for the current year.

Insider Buying and Selling

In other EverCommerce news, President Matthew David Feierstein sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $11.87, for a total transaction of $118,700.00. Following the completion of the transaction, the president directly owned 2,135,606 shares of the company’s stock, valued at approximately $25,349,643.22. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $10.77, for a total value of $206,784.00. Following the transaction, the chief executive officer owned 5,660,251 shares in the company, valued at approximately $60,960,903.27. This trade represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 299,400 shares of company stock worth $3,130,270 in the last quarter. Company insiders own 10.10% of the company’s stock.

Institutional Trading of EverCommerce

Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in EverCommerce in the 4th quarter valued at about $177,000. BNP Paribas Financial Markets lifted its holdings in EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the last quarter. Oxford Asset Management LLP bought a new position in shares of EverCommerce during the 2nd quarter valued at about $168,000. Finally, Wells Fargo & Company MN boosted its position in shares of EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Company Profile

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.