EverCommerce (NASDAQ:EVCM – Free Report) had its target price trimmed by Royal Bank Of Canada from $10.00 to $7.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft downgraded shares of EverCommerce from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $7.00 in a research note on Friday. Barclays increased their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of EverCommerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Oppenheimer decreased their target price on shares of EverCommerce from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, EverCommerce presently has an average rating of “Reduce” and a consensus target price of $8.67.
Check Out Our Latest Research Report on EVCM
EverCommerce Stock Performance
Shares of EVCM stock traded down $0.13 during mid-day trading on Friday, reaching $8.22. The stock had a trading volume of 152,151 shares, compared to its average volume of 91,623. The firm’s 50 day simple moving average is $8.56 and its 200 day simple moving average is $10.25. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce has a one year low of $6.01 and a one year high of $14.41. The firm has a market cap of $1.45 billion, a PE ratio of 54.80, a P/E/G ratio of 0.84 and a beta of 0.63.
EverCommerce (NASDAQ:EVCM – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.13). The firm had revenue of $151.45 million for the quarter, compared to analyst estimates of $152.91 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%. EverCommerce’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS. On average, analysts forecast that EverCommerce will post 0.52 EPS for the current year.
Insider Buying and Selling at EverCommerce
In other EverCommerce news, President Matthew Feierstein sold 10,000 shares of EverCommerce stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the transaction, the president directly owned 1,961,214 shares of the company’s stock, valued at approximately $19,612,140. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Remer sold 6,354 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $8.07, for a total transaction of $51,276.78. Following the completion of the sale, the director owned 5,011,125 shares in the company, valued at $40,439,778.75. This represents a 0.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 431,327 shares of company stock worth $4,069,251. 10.10% of the stock is owned by insiders.
Institutional Investors Weigh In On EverCommerce
Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP lifted its holdings in EverCommerce by 16.7% during the 2nd quarter. Engineers Gate Manager LP now owns 20,821 shares of the company’s stock valued at $209,000 after purchasing an additional 2,982 shares during the last quarter. Ethic Inc. acquired a new stake in shares of EverCommerce during the third quarter worth approximately $88,000. Bank of America Corp DE acquired a new stake in shares of EverCommerce during the second quarter worth approximately $125,000. Deutsche Bank AG acquired a new stake in shares of EverCommerce during the second quarter worth approximately $144,000. Finally, Quantinno Capital Management LP raised its stake in shares of EverCommerce by 117.7% in the first quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after acquiring an additional 26,109 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.
Key Stories Impacting EverCommerce
Here are the key news stories impacting EverCommerce this week:
- Positive Sentiment: Management indicated full-year 2026 revenue of about $600 million and adjusted EBITDA of about $170 million. The outlook offers investors a view of expected scale and profitability, though the company also plans to ramp up investments in Q4. Article: EverCommerce signals 2026 outlook
- Positive Sentiment: Oppenheimer lowered its target to $11 from $13 but maintained an Outperform rating; Canaccord cut its target to $9 from $13 and kept a Buy rating. Both firms remain positive on the shares despite reducing their estimates. Article: Oppenheimer price target Article: Canaccord price target
- Negative Sentiment: Q3 adjusted earnings were reported at $0.03 per share, below the $0.16 consensus, while revenue of $151.45 million also fell short of the $152.91 million estimate. Revenue was up 2.6% year over year, but the earnings miss may weigh on sentiment. Article: EverCommerce Q3 results
- Negative Sentiment: Deutsche Bank downgraded EVCM from Buy to Hold with a $7 target, and RBC cut its target from $10 to $7 while maintaining Sector Perform. The lower targets and Deutsche’s downgrade signal reduced analyst confidence. Article: Deutsche Bank downgrade Article: RBC price target
EverCommerce Company Profile
EverCommerce, Inc is a software and technology company that provides integrated, cloud-based solutions for service-oriented small and midsize businesses. Its platforms are designed to help businesses manage operations, customer relationships, payments, marketing and other administrative functions through specialized applications tailored to specific industries.
The company serves a broad range of vertical markets, including home and field services, health and wellness, fitness, education, professional services and other appointment- or membership-based businesses.
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