EverCommerce (NASDAQ:EVCM) Rating Reiterated by JMP Securities

JMP Securities reiterated their market outperform rating on shares of EverCommerce (NASDAQ:EVCMFree Report) in a report issued on Friday, Benzinga reports. They currently have a $12.00 price target on the stock.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. reissued an underweight rating and set a $10.00 price target (down from $11.00) on shares of EverCommerce in a research report on Friday. Royal Bank of Canada cut their price target on shares of EverCommerce from $12.00 to $11.00 and set an outperform rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $11.13.

Get Our Latest Stock Analysis on EVCM

EverCommerce Price Performance

Shares of EVCM stock opened at $8.78 on Friday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -38.17 and a beta of 1.08. EverCommerce has a 12-month low of $6.22 and a 12-month high of $13.47. The firm has a fifty day moving average of $9.85 and a 200-day moving average of $9.79. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

EverCommerce (NASDAQ:EVCMGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The company had revenue of $169.44 million during the quarter, compared to the consensus estimate of $172.41 million. EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.30%. On average, equities research analysts forecast that EverCommerce will post -0.01 earnings per share for the current year.

Insider Transactions at EverCommerce

In related news, CEO Eric Richard Remer sold 3,794 shares of EverCommerce stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $9.61, for a total value of $36,460.34. Following the transaction, the chief executive officer now directly owns 1,305,407 shares of the company’s stock, valued at $12,544,961.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 22,412 shares of company stock valued at $220,221. 11.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its stake in EverCommerce by 82.7% in the first quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock valued at $31,000 after acquiring an additional 1,053 shares during the last quarter. UBS Group AG boosted its position in EverCommerce by 871.7% in the third quarter. UBS Group AG now owns 2,711 shares of the company’s stock valued at $29,000 after buying an additional 2,432 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in EverCommerce in the third quarter valued at approximately $38,000. Lazard Asset Management LLC acquired a new stake in EverCommerce in the third quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC boosted its position in EverCommerce by 379.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the company’s stock valued at $40,000 after buying an additional 2,868 shares in the last quarter. 88.92% of the stock is owned by institutional investors.

About EverCommerce

(Get Free Report)

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 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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