EverCommerce Inc. (NASDAQ:EVCM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.45.

EVCM has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Evercore ISI increased their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $9.97 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. EverCommerce has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The firm has a market capitalization of $1.85 billion, a PE ratio of -47.48 and a beta of 1.08. The stock’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.19.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The company had revenue of $177.39 million during the quarter, compared to analysts’ expectations of $171.88 million. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that EverCommerce will post -0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Eric Richard Remer sold 10,311 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $10.69, for a total value of $110,224.59. Following the completion of the sale, the chief executive officer now directly owns 8,138,352 shares of the company’s stock, valued at approximately $86,998,982.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 30,375 shares of company stock worth $322,946. Corporate insiders own 11.50% of the company’s stock.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its position in EverCommerce by 673.4% during the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. AQR Capital Management LLC lifted its stake in EverCommerce by 394.8% during the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock worth $611,000 after purchasing an additional 44,378 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of EverCommerce by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock worth $15,684,000 after purchasing an additional 30,481 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in shares of EverCommerce during the 1st quarter valued at about $242,000. 97.91% of the stock is owned by institutional investors.

About EverCommerce

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.