EverCommerce (NASDAQ:EVCM) Given New $14.00 Price Target at Royal Bank of Canada

EverCommerce (NASDAQ:EVCM) had its price objective raised by Royal Bank of Canada from $12.00 to $14.00 in a research note released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Evercore ISI upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler lifted their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer increased their price objective on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, EverCommerce currently has a consensus rating of “Moderate Buy” and an average price target of $12.56.

EverCommerce Stock Down 1.5 %

EverCommerce stock traded down $0.17 during mid-day trading on Wednesday, hitting $10.97. The company’s stock had a trading volume of 7,664 shares, compared to its average volume of 140,528. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.68 and a quick ratio of 1.68. EverCommerce has a 52-week low of $6.22 and a 52-week high of $12.35. The firm’s 50 day moving average is $10.60 and its 200 day moving average is $10.51. The company has a market cap of $2.02 billion, a PE ratio of -39.78 and a beta of 1.07.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative return on equity of 6.49% and a negative net margin of 7.53%. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that EverCommerce will post -0.09 earnings per share for the current year.

Insider Transactions at EverCommerce

In related news, CEO Eric Richard Remer sold 4,200 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $10.37, for a total value of $43,554.00. Following the transaction, the chief executive officer now directly owns 8,068,540 shares in the company, valued at approximately $83,670,759.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 89,310 shares of company stock worth $965,566. 11.60% of the stock is owned by insiders.

Institutional Trading of EverCommerce

Several hedge funds have recently added to or reduced their stakes in EVCM. SG Americas Securities LLC bought a new position in EverCommerce in the 3rd quarter worth approximately $107,000. The Manufacturers Life Insurance Company grew its stake in shares of EverCommerce by 10.6% in the second 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. Edgestream Partners L.P. bought a new position in EverCommerce during the first quarter worth $123,000. Renaissance Technologies LLC raised its stake in EverCommerce by 19.4% during the 2nd 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 stake in EverCommerce in the 3rd quarter valued at $241,000. Institutional investors own 97.91% of the company’s stock.

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.