EverCommerce (NASDAQ:EVCM) Posts Earnings Results, Misses Expectations By $0.05 EPS

EverCommerce (NASDAQ:EVCM) released its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05), Briefing.com reports. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. During the same quarter in the prior year, the business earned ($0.12) EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

EverCommerce Trading Down 2.5 %

NASDAQ EVCM traded down $0.23 during mid-day trading on Thursday, reaching $8.95. 252,611 shares of the stock were exchanged, compared to its average volume of 136,790. The stock has a market capitalization of $1.64 billion, a PE ratio of -31.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce has a 1-year low of $6.22 and a 1-year high of $12.35. The business’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $10.73.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 2,888 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.01, for a total value of $28,908.88. Following the completion of the sale, the president now owns 2,209,807 shares of the company’s stock, valued at $22,120,168.07. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Richard Remer sold 7,130 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $11.99, for a total transaction of $85,488.70. Following the transaction, the chief executive officer now owns 7,913,929 shares in the company, valued at $94,888,008.71. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 178,748 shares of company stock worth $1,858,526. Insiders own 11.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EVCM shares. Barclays upped their target price on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Oppenheimer increased their price objective on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. JMP Securities lifted their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

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.