EverCommerce (EVCM) to Release Earnings on Monday

EverCommerce (NASDAQ:EVCMGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect EverCommerce to post earnings of 0.09 per share for the quarter. EverCommerce has set its Q2 2022 guidance at EPS and its FY 2022 guidance at EPS.

EverCommerce (NASDAQ:EVCMGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported -0.06 earnings per share for the quarter, missing the consensus estimate of 0.04 by -0.10. EverCommerce had a negative net margin of 14.99% and a negative return on equity of 2.50%. The company had revenue of 143.58 million for the quarter, compared to the consensus estimate of 140.50 million. On average, analysts expect EverCommerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at 11.48 on Monday. EverCommerce has a 1-year low of 7.73 and a 1-year 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. The business has a fifty day moving average price of 9.50 and a 200-day moving average price of 11.21. The company has a market capitalization of $2.25 billion and a PE ratio of -13.51.

Insider Buying and Selling

In other EverCommerce news, CEO Eric Richard Remer sold 10,752 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of 8.93, for a total transaction of 96,015.36. Following the completion of the sale, the chief executive officer now directly owns 1,409,946 shares in the company, valued at approximately 12,590,817.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other EverCommerce news, CFO Marc Christopher Thompson sold 5,221 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of 8.93, for a total transaction of 46,623.53. Following the completion of the sale, the chief financial officer now directly owns 984,478 shares in the company, valued at approximately 8,791,388.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric Richard Remer sold 10,752 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of 8.93, for a total value of 96,015.36. Following the sale, the chief executive officer now owns 1,409,946 shares of the company’s stock, valued at 12,590,817.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,006 shares of company stock worth $232,234. 9.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its position in shares of EverCommerce by 82.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock valued at $31,000 after buying an additional 1,053 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of EverCommerce by 43.0% during the 1st quarter. California State Teachers Retirement System now owns 12,844 shares of the company’s stock valued at $170,000 after buying an additional 3,861 shares in the last quarter. American International Group Inc. lifted its position in shares of EverCommerce by 68.6% during the 1st quarter. American International Group Inc. now owns 14,898 shares of the company’s stock valued at $197,000 after buying an additional 6,063 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of EverCommerce by 166.2% during the 1st quarter. MetLife Investment Management LLC now owns 18,968 shares of the company’s stock valued at $250,000 after buying an additional 11,843 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of EverCommerce by 18.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,500 shares of the company’s stock valued at $257,000 after buying an additional 3,000 shares in the last quarter. 87.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EVCM shares. Oppenheimer restated a “buy” rating and set a $18.00 price target on shares of EverCommerce in a report on Friday, June 17th. Canaccord Genuity Group reduced their price target on EverCommerce from $20.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, May 10th. Finally, Jefferies Financial Group reduced their price objective on EverCommerce from $14.00 to $11.00 in a report on Monday, May 23rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of 18.73.

EverCommerce Company Profile

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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.

Further Reading

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