Brokerages Set EverCommerce Inc. (NASDAQ:EVCM) PT at $11.00

by · The Cerbat Gem

Shares of EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) have earned an average rating of “Reduce” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.00.

A number of equities research analysts have weighed in on EVCM shares. Royal Bank Of Canada downgraded shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Barclays decreased their price target on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Finally, Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday.

Check Out Our Latest Stock Analysis on EVCM

EverCommerce Trading Down 1.1%

NASDAQ EVCM opened at $11.94 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market cap of $2.14 billion, a P/E ratio of -1,192.81, a P/E/G ratio of 2.43 and a beta of 1.03. The company has a 50-day moving average of $10.50 and a 200-day moving average of $10.93. EverCommerce has a 12 month low of $7.66 and a 12 month high of $14.41.

Insider Activity

In other EverCommerce news, CEO Eric Richard Remer sold 19,200 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total transaction of $221,184.00. Following the completion of the sale, the chief executive officer directly owned 2,760,818 shares of the company’s stock, valued at approximately $31,804,623.36. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Matthew David Feierstein sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.10, for a total transaction of $60,500.00. Following the completion of the transaction, the president owned 2,065,919 shares of the company’s stock, valued at approximately $24,997,619.90. The trade was a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 340,503 shares of company stock valued at $3,756,941 over the last three months. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently made changes to their positions in EVCM. Federated Hermes Inc. grew its position in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of EverCommerce in the third quarter valued at $91,000. R Squared Ltd acquired a new stake in shares of EverCommerce in the third quarter worth $122,000. Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in shares of EverCommerce during the second quarter valued at $159,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Company Profile

(Get Free Report)

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.

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