EverCommerce (NASDAQ:EVCM) Price Target Raised to $12.00 at Barclays

EverCommerce (NASDAQ:EVCM) had its price target upped by stock analysts at Barclays from $9.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 2.21% from the company’s previous close.

Several other brokerages have also commented on EVCM. Oppenheimer upped their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Evercore ISI increased their price target on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their price target on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday. One research 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 data from MarketBeat, EverCommerce currently has an average rating of “Moderate Buy” and an average target price of $12.22.

EverCommerce Price Performance

Shares of EVCM stock traded down $0.24 during trading hours on Wednesday, hitting $11.74. The company’s stock had a trading volume of 34,232 shares, compared to its average volume of 140,494. The business has a fifty day moving average of $10.59 and a 200-day moving average of $10.51. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -51.78 and a beta of 1.07. EverCommerce has a twelve month low of $6.22 and a twelve month high of $12.35.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $176.26 million for the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The company’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that EverCommerce will post -0.09 EPS for the current year.

Insider Buying and Selling at EverCommerce

In other news, CEO Eric Richard Remer sold 18,142 shares of EverCommerce stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.73, for a total transaction of $212,805.66. Following the transaction, the chief executive officer now directly owns 8,005,806 shares in the company, valued at approximately $93,908,104.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 89,310 shares of company stock valued at $965,566. Company insiders own 11.60% of the company’s stock.

Institutional Trading of EverCommerce

Several large investors have recently added to or reduced their stakes in EVCM. SG Americas Securities LLC acquired a new stake in EverCommerce during the third quarter valued at $107,000. Edgestream Partners L.P. bought a new stake in EverCommerce during the first quarter worth approximately $123,000. The Manufacturers Life Insurance Company lifted its position in EverCommerce by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the last quarter. Finally, RIA Advisory Group LLC bought a new position in shares of EverCommerce in the third quarter worth about $241,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.