EverCommerce’s (EVCM) Buy Rating Reaffirmed at Oppenheimer

EverCommerce (NASDAQ:EVCMGet Rating)‘s stock had its “buy” rating reissued by stock analysts at Oppenheimer in a note issued to investors on Friday, TipRanks reports. They currently have a $18.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reduced their target price on shares of EverCommerce from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, March 15th. Piper Sandler reduced their target price on shares of EverCommerce from $24.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, March 15th. Stifel Nicolaus reduced their target price on shares of EverCommerce from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Canaccord Genuity Group reduced their target price on shares of EverCommerce from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, May 10th. Finally, Jefferies Financial Group reduced their target price on shares of EverCommerce from $14.00 to $11.00 in a report on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of 19.36.

EVCM stock traded up 0.14 during trading on Friday, reaching 8.27. 8,935 shares of the company were exchanged, compared to its average volume of 256,541. The company has a 50-day moving average of 10.88 and a two-hundred day moving average of 12.53. The company has a market capitalization of $1.62 billion and a price-to-earnings ratio of -9.79. EverCommerce has a twelve month low of 7.73 and a twelve month high of 23.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 1.71.

EverCommerce (NASDAQ:EVCMGet Rating) last released its quarterly earnings data on Monday, March 14th. The company reported -0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of 0.07 by -0.08. The company had revenue of 135.65 million for the quarter, compared to analyst estimates of 130.38 million. EverCommerce had a negative return on equity of 2.50% and a negative net margin of 14.99%. On average, analysts forecast that EverCommerce will post 0.26 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of EVCM. Royal Bank of Canada bought a new position in EverCommerce during the third quarter worth $25,000. Ameritas Investment Partners Inc. raised its holdings in EverCommerce by 82.7% during the first quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock worth $31,000 after buying an additional 1,053 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in EverCommerce during the third quarter worth $48,000. Citigroup Inc. acquired a new position in EverCommerce during the third quarter worth $60,000. Finally, UBS Group AG purchased a new stake in shares of EverCommerce in the third quarter valued at about $71,000. 87.59% of the stock is currently owned by institutional investors and hedge funds.

About EverCommerce (Get Rating)

EverCommerce Inc, together with its subsidiaries, engages in providing 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, including route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions that comprise e-invoicing, mobile payments, and integrated payment processing; customer engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.

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Analyst Recommendations for EverCommerce (NASDAQ:EVCM)

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