EverCommerce (NASDAQ:EVCM) Posts Quarterly Earnings Results

EverCommerce (NASDAQ:EVCM) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05), Briefing.com reports. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $175.00 million during the quarter, compared to analysts’ expectations of $170.48 million. During the same quarter last year, the business posted ($0.12) EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. EverCommerce updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

EverCommerce Stock Up 4.6 %

EVCM stock opened at $9.36 on Friday. The firm’s fifty day moving average is $10.17 and its 200 day moving average is $10.71. EverCommerce has a one year low of $6.22 and a one year high of $12.35. The firm has a market cap of $1.72 billion, a PE ratio of -33.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of research reports. Barclays lowered their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday. Oppenheimer cut their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada cut their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday. Jefferies Financial Group cut their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group cut their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.27.

Insider Activity

In other EverCommerce news, President Matthew David Feierstein sold 2,888 shares of EverCommerce stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.01, for a total transaction of $28,908.88. Following the transaction, the president now directly owns 2,209,807 shares of the company’s stock, valued at $22,120,168.07. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Richard Remer sold 7,130 shares of EverCommerce stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $11.99, for a total transaction of $85,488.70. Following the transaction, the chief executive officer now directly owns 7,913,929 shares in the company, valued at $94,888,008.71. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,865 shares of company stock worth $1,950,085 over the last 90 days. 11.60% of the stock is currently owned by company insiders.

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.