EverCommerce (NASDAQ:EVCM) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

EverCommerce (NASDAQ:EVCM) issued its earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05), Briefing.com reports. The business had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted ($0.12) EPS. EverCommerce updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

EverCommerce Stock Down 2.5 %

NASDAQ EVCM traded down $0.23 during trading hours on Thursday, reaching $8.95. 252,623 shares of the company’s stock were exchanged, compared to its average volume of 103,200. The company’s 50-day moving average is $10.24 and its two-hundred day moving average is $10.73. EverCommerce has a one year low of $6.22 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -31.96 and a beta of 1.12.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price target on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities increased their price target on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Barclays increased their price target on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.56.

Insider Buying and Selling

In other EverCommerce news, CEO Eric Richard Remer sold 9,404 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.06, for a total transaction of $85,200.24. Following the completion of the transaction, the chief executive officer now owns 7,707,226 shares of the company’s stock, valued at $69,827,467.56. This represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Matthew David Feierstein sold 5,513 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.07, for a total value of $55,515.91. Following the transaction, the president now directly owns 2,187,695 shares of the company’s stock, valued at approximately $22,030,088.65. This trade represents a 0.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 178,748 shares of company stock valued at $1,858,526. 11.60% of the stock is owned by corporate insiders.

About EverCommerce

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.