EverCommerce Inc. (NASDAQ:EVCM – Get Rating) has received an average recommendation of "Moderate Buy" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $11.69.
A number of research firms have recently commented on EVCM. Barclays dropped their price objective on EverCommerce from $17.00 to $9.00 and set an "equal weight" rating on the stock in a report on Friday, November 11th. Canaccord Genuity Group dropped their price objective on EverCommerce from $17.00 to $12.00 in a report on Friday, November 11th. The Goldman Sachs Group dropped their price objective on EverCommerce from $8.00 to $7.00 and set a "sell" rating on the stock in a report on Monday, November 14th. Royal Bank of Canada dropped their price objective on EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on EverCommerce from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Monday.
Get EverCommerce alerts:EverCommerce Price Performance
EVCM opened at $10.06 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -41.92, a PEG ratio of 1.29 and a beta of 0.86. The stock's 50-day moving average price is $7.35 and its 200 day moving average price is $9.37. EverCommerce has a 12-month low of $5.87 and a 12-month high of $14.22.
EverCommerce (NASDAQ:EVCM – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.13). The company had revenue of $158.13 million during the quarter, compared to analyst estimates of $159.99 million. EverCommerce had a negative net margin of 7.87% and a negative return on equity of 3.79%. As a group, sell-side analysts expect that EverCommerce will post 0.28 earnings per share for the current year.Hedge Funds Weigh In On EverCommerce
Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. UBS Group AG increased its position in EverCommerce by 871.7% during the third quarter. UBS Group AG now owns 2,711 shares of the company's stock worth $29,000 after buying an additional 2,432 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in EverCommerce by 82.7% during the first quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company's stock worth $31,000 after buying an additional 1,053 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in EverCommerce during the third quarter worth $38,000. Tower Research Capital LLC TRC increased its position in EverCommerce by 379.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the company's stock worth $40,000 after buying an additional 2,868 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in EverCommerce by 507.2% during the second quarter. Lazard Asset Management LLC now owns 5,398 shares of the company's stock worth $48,000 after buying an additional 4,509 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.
About EverCommerce
(Get Rating)
EverCommerce Inc, together with its subsidiaries, engages in providing 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, including route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions that comprise e-invoicing, mobile payments, and integrated payment processing; customer engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.
Featured Stories
- Get a free copy of the StockNews.com research report on EverCommerce (EVCM)
- Chevron Delights Shareholders with $75 Billion in Share Buybacks
- The Future Of E-Commerce: Analysis And New Data
- Levi Strauss Is A Good Fit For Income Investors
- 3 Small Caps That Have Big Upside
- Mullen Automotive: The Good News, The Bad And The Ugly Outlook
Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.