Analysts Set EverCommerce Inc. (NASDAQ:EVCM) PT at $11.13

Shares of EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) have been given a consensus recommendation of "Hold" by the seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.13.

EVCM has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.00 target price (down from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Barclays dropped their price objective on EverCommerce from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Friday, March 15th. Piper Sandler reiterated a "neutral" rating and issued a $10.00 price objective on shares of EverCommerce in a report on Friday, March 15th. JMP Securities restated a "market outperform" rating and set a $12.00 target price on shares of EverCommerce in a research note on Friday, March 15th. Finally, Royal Bank of Canada dropped their price target on shares of EverCommerce from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, March 15th.

Insiders Place Their Bets

In related news, CEO Eric Richard Remer sold 4,016 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $9.00, for a total transaction of $36,144.00. Following the completion of the sale, the chief executive officer now directly owns 1,292,061 shares in the company, valued at $11,628,549. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 22,345 shares of company stock valued at $209,568. Insiders own 11.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Great Lakes Advisors LLC boosted its holdings in EverCommerce by 143.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 142,627 shares of the company's stock worth $1,431,000 after buying an additional 84,147 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of EverCommerce by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company's stock worth $1,859,000 after acquiring an additional 3,831 shares during the period. Legato Capital Management LLC grew its position in shares of EverCommerce by 39.3% during the second quarter. Legato Capital Management LLC now owns 87,826 shares of the company's stock worth $1,040,000 after purchasing an additional 24,771 shares in the last quarter. Kent Lake Capital LLC bought a new stake in EverCommerce during the 2nd quarter valued at approximately $496,000. Finally, Strs Ohio purchased a new position in EverCommerce in the 3rd quarter worth approximately $108,000. 97.91% of the stock is currently owned by institutional investors.

EverCommerce Stock Down 1.0 %

EVCM stock traded down $0.09 during trading on Tuesday, hitting $9.19. 357,170 shares of the stock traded hands, compared to its average volume of 124,033. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -39.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.53 and a quick ratio of 1.53. EverCommerce has a 1 year low of $6.22 and a 1 year high of $13.47. The firm's 50 day moving average is $9.51 and its two-hundred day moving average is $9.69.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The firm had revenue of $169.44 million during the quarter, compared to the consensus estimate of $172.41 million. EverCommerce had a negative return on equity of 5.35% and a negative net margin of 6.75%. On average, sell-side analysts anticipate that EverCommerce will post -0.14 EPS for the current year.

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.