EverCommerce's (EVCM) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• EverCommerce's stock has been given a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• Piper Sandler and Oppenheimer provided mixed ratings, with price targets raised to $10.00 and $13.00, respectively, while Zacks Research downgraded its rating.
• Insider trading activity included a significant sale of shares by President Matthew David Feierstein, who sold 25,000 shares valued at approximately $281,000.

EverCommerce (NASDAQ:EVCM - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also weighed in on EVCM. Piper Sandler raised their price objective on shares of EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Oppenheimer reiterated an "outperform" rating and set a $13.00 price target (up from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Finally, Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research note on Monday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.50.

EverCommerce Price Performance

EverCommerce stock opened at $11.11 on Wednesday. EverCommerce has a 52-week low of $8.10 and a 52-week high of $12.34. The company's 50 day moving average is $11.22 and its two-hundred day moving average is $10.62. The firm has a market cap of $2.01 billion, a PE ratio of -92.58, a price-to-earnings-growth ratio of 6.33 and a beta of 1.05. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70.

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

Insider Activity

In other news, President Matthew David Feierstein sold 25,000 shares of EverCommerce stock in a transaction dated Tuesday, September 2nd. The shares were 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. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ryan H. Siurek sold 10,000 shares of EverCommerce stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $10.62, for a total transaction of $106,200.00. Following the completion of the sale, the chief financial officer directly owned 245,549 shares in the company, valued at approximately $2,607,730.38. The trade was a 3.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 283,800 shares of company stock valued at $3,115,867 over the last quarter. Corporate insiders own 10.40% of the company's stock.

Institutional Trading of EverCommerce

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted 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 buying an additional 1,190 shares in the last quarter. American Century Companies Inc. boosted its holdings in EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock worth $290,000 after buying an additional 4,576 shares in the last quarter. Deutsche Bank AG boosted its holdings in EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock worth $99,000 after buying an additional 5,770 shares in the last quarter. GAMMA Investing LLC boosted its holdings in EverCommerce by 838.8% during the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock worth $706,000 after buying an additional 6,358 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in EverCommerce during the first quarter worth about $102,000. Hedge funds and other institutional investors own 97.91% of the company's stock.

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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