EverCommerce (EVCM)

• Market cap: $1.91B
• 1 day: 1.56%
• 5 days: 2.46%
• 1 month: -6.62%
• 3 months: -1.70%
• 6 months: -12.57%
• Year to date: -2.98%
• 1 year: 1.56%
• 5 years: -40.74%
• 10 years: -40.74%
• 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)

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

6% more funds holding

Funds holding: 85 [Q2] → 90 (+5) [Q3]

0.43% more ownership

Funds ownership: 90.41% [Q2] → 90.84% (+0.43%) [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 (-$103M) [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 5% upside
• Avg. target: $13 25% upside
• High target: $15 44% upside

5 analyst ratings

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

JMP Securities Patrick Walravens 57% 1-year accuracy 60 / 105 met price target	44% upside $15	Market Outperform Maintained	13 Nov 2024
Barclays Ryan Macwilliams 50% 1-year accuracy 10 / 20 met price target	15% upside $12	Equal-Weight Maintained	13 Nov 2024
RBC Capital Matthew Hedberg 67% 1-year accuracy 147 / 219 met price target	34% upside $14	Outperform Maintained	13 Nov 2024
Oppenheimer Brian Schwartz 57% 1-year accuracy 26 / 46 met price target	25% upside $13	Outperform Reiterated	13 Nov 2024
Piper Sandler Clarke Jeffries 58% 1-year accuracy 30 / 52 met price target	5% upside $11	Neutral Maintained	13 Nov 2024