EverCommerce (EVCM)

• Market cap: $2.05B
• 1 day: -0.09%
• 5 days: -8.52%
• 1 month: -0.80%
• 3 months: 3.71%
• 6 months: 13.75%
• Year to date: 5.38%
• 1 year: 7.20%
• 5 years: -36.53%
• 10 years: -36.53%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

6% more funds holding

Funds holding: 85 [Q2] → 90 (+5) [Q3]

0.4% more ownership

Funds ownership: 90.39% [Q2] → 90.79% (+0.4%) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

6% less capital invested

Capital invested by funds: $1.84B [Q2] → $1.73B (-$104M) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $11 2% downside
• Avg. target: $13 16% upside
• High target: $15 34% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target	34% upside $15	Market Outperform Maintained	13 Nov 2024
Barclays Ryan Macwilliams 55% 1-year accuracy 11 / 20 met price target	7% upside $12	Equal-Weight Maintained	13 Nov 2024
RBC Capital Matthew Hedberg 70% 1-year accuracy 147 / 209 met price target	25% upside $14	Outperform Maintained	13 Nov 2024
Oppenheimer Brian Schwartz 65% 1-year accuracy 30 / 46 met price target	16% upside $13	Outperform Reiterated	13 Nov 2024
Piper Sandler Clarke Jeffries 61% 1-year accuracy 30 / 49 met price target	2% downside $11	Neutral Maintained	13 Nov 2024