EverCommerce Inc. (NASDAQ:EVCM) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• EverCommerce Inc. has received a consensus rating of "Moderate Buy" from nine analysts, with an average price target of $11.50.
• Insider selling includes President Matthew Feierstein and CFO Ryan H. Siurek, who sold shares totaling approximately $387,000 combined in recent transactions.
• EverCommerce reported a revenue of $148.02 million for the last quarter, surpassing analyst estimates and showing a 5.3% year-over-year increase.

Shares of EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.50.

A number of research analysts have recently commented on the company. Oppenheimer reissued an "outperform" rating and set a $13.00 price objective (up previously from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Piper Sandler increased their price objective on EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, Zacks Research raised EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, President Matthew David Feierstein sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $11.24, for a total value of $281,000.00. Following the sale, the president owned 2,211,383 shares of the company's stock, valued at $24,855,944.92. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ryan H. Siurek sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $10.62, for a total value of $106,200.00. Following the completion of the sale, the chief financial officer directly owned 245,549 shares in the company, valued at $2,607,730.38. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,900 shares of company stock valued at $2,953,474 in the last 90 days. 10.40% of the stock is currently owned by insiders.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new stake in EverCommerce in the 2nd quarter valued at approximately $595,000. Oxford Asset Management LLP bought a new stake in shares of EverCommerce in the 2nd quarter worth approximately $168,000. Lazard Asset Management LLC lifted its position in shares of EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after acquiring an additional 49,041 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of EverCommerce in the 2nd quarter worth approximately $302,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after acquiring an additional 547,712 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

EverCommerce Stock Performance

Shares of EVCM stock opened at $11.40 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. EverCommerce has a fifty-two week low of $8.10 and a fifty-two week high of $12.34. The stock's 50-day moving average is $11.27 and its two-hundred day moving average is $10.58. The firm has a market cap of $2.07 billion, a P/E ratio of -94.99, a PEG ratio of 9.87 and a beta of 1.06.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) EPS. Analysts predict that EverCommerce will post -0.17 earnings per share for the current fiscal year.

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.

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