EverCommerce Inc. (NASDAQ:EVCM) Given Average Rating of "Hold" by Analysts

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) has received a consensus rating of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.36.

A number of analysts have recently commented on EVCM shares. The Goldman Sachs Group cut their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research report on Friday, March 14th. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Piper Sandler dropped their price target on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Oppenheimer dropped their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Finally, Jefferies Financial Group dropped their price target on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a research report on Friday, March 14th.

Insider Transactions at EverCommerce

In related news, insider Lisa E. Storey sold 2,941 shares of EverCommerce stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $11.39, for a total value of $33,497.99. Following the completion of the sale, the insider now owns 214,593 shares of the company's stock, valued at approximately $2,444,214.27. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric Richard Remer sold 9,366 shares of EverCommerce stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $10.51, for a total transaction of $98,436.66. Following the transaction, the chief executive officer now directly owns 7,637,549 shares in the company, valued at $80,270,639.99. This represents a 0.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 231,781 shares of company stock valued at $2,358,687 in the last quarter. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EverCommerce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Woodline Partners LP raised its stake in EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company's stock valued at $5,650,000 after acquiring an additional 25,412 shares during the period. Martingale Asset Management L P bought a new stake in EverCommerce in the 1st quarter valued at about $202,000. EntryPoint Capital LLC bought a new stake in EverCommerce in the 1st quarter valued at about $102,000. Nuveen LLC bought a new stake in EverCommerce in the 1st quarter valued at about $493,000. Finally, Deutsche Bank AG raised its stake in EverCommerce by 141.9% in the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock valued at $99,000 after acquiring an additional 5,770 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Stock Down 1.5%

Shares of EverCommerce stock traded down $0.15 on Friday, hitting $9.55. The company had a trading volume of 296,407 shares, compared to its average volume of 134,923. The firm has a market capitalization of $1.74 billion, a P/E ratio of -53.06 and a beta of 1.05. EverCommerce has a twelve month low of $8.10 and a twelve month high of $12.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a 50-day moving average of $10.09 and a 200-day moving average of $10.32.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The business's revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS. Research analysts predict that EverCommerce will post -0.17 earnings per share for the current 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.