EverCommerceEVCM
About: EverCommerce Inc provides tailored Software-as-a-Service solutions for service-based small- and medium-sized businesses (SMBs) in-home services, health services, and fitness & wellness. With a platform serving approximately 708,000 customers across three core verticals, including numerous micro-verticals, their solutions address diverse needs within these sectors. Revenue is primarily generated from the United States. Operating in a single segment, their vertically-tailored SaaS offerings cater to SMBs' specialized demands, enabling them to automate processes, generate business, and enhance customer loyalty. The majority of customers contribute modest revenue, with a small percentage contributing higher amounts..
Employees: 2,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
56% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 18
16% more capital invested
Capital invested by funds: $1.59B [Q1] → $1.84B (+$249M) [Q2]
0% more funds holding
Funds holding: 84 [Q1] → 84 (+0) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
0% more ownership
Funds ownership: 90.33% [Q1] → 90.33% (+0%) [Q2]
0% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 19
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Deutsche Bank Bhavin Shah 0% 1-year accuracy 0 / 1 met price target | 24%upside $13 | Buy Maintained | 7 Aug 2024 |
JP Morgan Alexei Gogolev 46% 1-year accuracy 6 / 13 met price target | 5%upside $11 | Underweight Maintained | 7 Aug 2024 |
Evercore ISI Group Kirk Materne 63% 1-year accuracy 12 / 19 met price target | 5%upside $11 | Outperform Maintained | 7 Aug 2024 |
