EverCommerce Inc. (NASDAQ:EVCM) Receives 19.36 Average PT from Analysts

Shares of EverCommerce Inc. (NASDAQ:EVCM – Get Rating) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is 19.36.

A number of research analysts have weighed in on the company. Canaccord Genuity Group lowered their target price on EverCommerce from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, May 10th. Jefferies Financial Group reduced their price target on shares of EverCommerce from $14.00 to $11.00 in a research report on Monday, May 23rd. Piper Sandler dropped their price objective on shares of EverCommerce from $24.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, March 15th. Oppenheimer reiterated a “buy” rating and issued a $18.00 price target on shares of EverCommerce in a research report on Friday, June 17th. Finally, Raymond James lowered their price objective on EverCommerce from $24.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 15th.

NASDAQ EVCM opened at 8.50 on Thursday. The stock has a market capitalization of $1.66 billion and a price-to-earnings ratio of -10.00. EverCommerce has a 1-year low of 7.73 and a 1-year high of 23.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 1.71. The business’s fifty day moving average price is 10.49 and its 200-day moving average price is 12.32.

Large investors have recently modified their holdings of the business. PSG Equity L.L.C. bought a new stake in shares of EverCommerce in the 4th quarter worth about $571,349,000. Public Employees Retirement Association of Colorado grew its position in EverCommerce by 80.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 408,338 shares of the company’s stock worth $6,431,000 after acquiring an additional 182,338 shares in the last quarter. Standard Investments LLC grew its position in EverCommerce by 40.3% in the fourth quarter. Standard Investments LLC now owns 5,865,000 shares of the company’s stock worth $92,374,000 after acquiring an additional 1,685,506 shares in the last quarter. BlackRock Inc. bought a new stake in EverCommerce during the third quarter worth approximately $15,459,000. Finally, Mayflower Financial Advisors LLC purchased a new stake in EverCommerce during the fourth quarter valued at approximately $2,316,000. 87.59% of the stock is owned by institutional investors and hedge funds.

EverCommerce Company Profile (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.

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