Analysts Set EverCommerce Inc. (NASDAQ:EVCM) Target Price at $12.56

Shares of EverCommerce Inc. (NASDAQ:EVCM) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.56.

A number of research firms have weighed in on EVCM. Oppenheimer lifted their target price on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays upped their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JMP Securities increased their price objective on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their target price on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Insider Transactions at EverCommerce

In other news, President Matthew David Feierstein sold 17,545 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.92, for a total value of $209,136.40. Following the completion of the sale, the president now directly owns 2,246,624 shares in the company, valued at approximately $26,779,758.08. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Richard Remer sold 6,158 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $10.47, for a total transaction of $64,474.26. Following the completion of the sale, the chief executive officer now directly owns 8,105,986 shares of the company’s stock, valued at $84,869,673.42. This trade represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 166,687 shares of company stock worth $1,883,355. 11.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EVCM. Millennium Management LLC boosted its holdings in EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after acquiring an additional 281,551 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after purchasing an additional 95,934 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of EverCommerce in the third quarter worth approximately $570,000. Edgestream Partners L.P. bought a new position in shares of EverCommerce in the third quarter worth approximately $536,000. Finally, AQR Capital Management LLC increased its stake in shares of EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock worth $611,000 after buying an additional 44,378 shares during the period. 97.91% of the stock is owned by institutional investors.

EverCommerce Price Performance

EVCM opened at $11.17 on Friday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -39.89 and a beta of 1.12. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $11.37 and a 200-day moving average price of $10.85. EverCommerce has a twelve month low of $6.22 and a twelve month high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts expect that EverCommerce will post -0.17 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.