EverCommerce (NASDAQ:EVCM) Stock Rating Upgraded by Wall Street Zen

EverCommerce (NASDAQ:EVCM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently commented on EVCM. Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada decreased their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.71.

EverCommerce Stock Performance

Shares of EVCM stock opened at $10.35 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $1.84 billion, a P/E ratio of 115.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The company’s 50 day moving average price is $11.29 and its two-hundred day moving average price is $11.06. EverCommerce has a 52 week low of $7.66 and a 52 week high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The company had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same quarter last year, the company earned ($0.07) EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that EverCommerce will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EverCommerce news, CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total value of $221,184.00. Following the sale, the chief executive officer directly owned 2,760,818 shares in the company, valued at approximately $31,804,623.36. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 312,462 shares of company stock valued at $3,549,376 over the last ninety days. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EverCommerce

Large investors have recently modified their holdings of the business. XTX Topco Ltd grew its holdings in shares of EverCommerce by 110.4% in the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after acquiring an additional 27,224 shares in the last quarter. Barclays PLC raised its holdings in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after acquiring an additional 1,101 shares in the last quarter. Wells Fargo & Company MN boosted its position in EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in EverCommerce during the fourth quarter valued at approximately $177,000. Finally, Los Angeles Capital Management LLC grew its stake in EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after purchasing an additional 34,979 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.