EverCommerce (NASDAQ:EVCM) Releases Earnings Results, Misses Estimates By $0.04 EPS

EverCommerce (NASDAQ:EVCM) posted its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04), Briefing.com reports. The firm 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 6.56% and a negative net margin of 7.53%. The company’s revenue was up .9% compared to the same quarter last year. EverCommerce updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

EverCommerce Trading Down 0.6 %

Shares of EVCM stock opened at $11.07 on Friday. EverCommerce has a one year low of $6.22 and a one year high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $10.62 and a 200-day moving average of $10.52.

Insider Buying and Selling at EverCommerce

In related news, CEO Eric Richard Remer sold 18,142 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.73, for a total value of $212,805.66. Following the transaction, the chief executive officer now directly owns 8,005,806 shares of the company’s stock, valued at approximately $93,908,104.38. The trade was a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 111,377 shares of company stock worth $1,217,786. Insiders own 11.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Oppenheimer upped their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler boosted their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays upped their target price on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.56.

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.