EverCommerce (NASDAQ:EVCM) Trading Down 2.9%

EverCommerce Inc. (NASDAQ:EVCM)’s share price dropped 2.9% during mid-day trading on Friday . The company traded as low as $9.77 and last traded at $10.05. Approximately 89,704 shares were traded during trading, a decline of 35% from the average daily volume of 137,560 shares. The stock had previously closed at $10.35.

Wall Street Analyst Weigh In

EVCM has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Barclays lowered their price target on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price target (down previously from $11.00) on shares of EverCommerce in a report on Friday, March 15th. Canaccord Genuity Group lifted their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Royal Bank of Canada lowered their price target on EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

EverCommerce Stock Down 2.8 %

The business has a 50 day simple moving average of $9.44 and a 200 day simple moving average of $9.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $1.86 billion, a PE ratio of -47.90 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). EverCommerce had a negative net margin of 6.02% and a negative return on equity of 4.92%. The firm had revenue of $170.10 million during the quarter, compared to analysts’ expectations of $162.11 million. During the same quarter last year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that EverCommerce Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at EverCommerce

In other news, CEO Eric Richard Remer sold 4,016 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $9.00, for a total transaction of $36,144.00. Following the completion of the sale, the chief executive officer now owns 1,292,061 shares in the company, valued at approximately $11,628,549. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 20,917 shares of company stock worth $195,617 over the last 90 days. 11.50% of the stock is currently owned by corporate insiders.

Institutional Trading of EverCommerce

Large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. bought a new stake in shares of EverCommerce during the 1st quarter worth about $123,000. Quest Partners LLC bought a new stake in shares of EverCommerce during the 4th quarter worth about $135,000. RIA Advisory Group LLC bought a new stake in shares of EverCommerce during the 1st quarter worth about $242,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of EverCommerce by 7.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce during the 4th quarter worth about $391,000. Institutional investors own 97.91% of the company’s stock.

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.