EverCommerce Inc. (NASDAQ:EVCM) Receives Average Rating of “Reduce” from Brokerages

EverCommerce Inc. (NASDAQ:EVCM) has been given an average rating of “Reduce” by the ten analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of research firms have recently commented on EVCM. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a research report on Tuesday, October 14th. Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Barclays reduced their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, insider Lisa E. Storey sold 8,435 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $14.28, for a total transaction of $120,451.80. Following the completion of the sale, the insider owned 175,730 shares in the company, valued at $2,509,424.40. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction on Monday, January 5th. The shares were sold at an average price of $11.66, for a total value of $116,600.00. Following the completion of the transaction, the president owned 2,080,919 shares in the company, valued at $24,263,515.54. This represents a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 316,303 shares of company stock worth $3,475,257 over the last quarter. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EverCommerce

Large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in EverCommerce in the 2nd quarter worth approximately $5,039,000. Tudor Investment Corp ET AL grew its position in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of EverCommerce in the second quarter worth $595,000. Finally, Lazard Asset Management LLC lifted its stake in shares of EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

EverCommerce Stock Up 2.6%

NASDAQ EVCM opened at $12.14 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. EverCommerce has a 52 week low of $7.66 and a 52 week high of $14.41. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -1,212.79, a PEG ratio of 2.41 and a beta of 1.03. The company has a fifty day moving average of $10.48 and a two-hundred day moving average of $10.90.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.