EverCommerce (EVCM)

• Market cap: $1.79B
• 1 day: -2.11%
• 5 days: -4.88%
• 1 month: -3.27%
• 3 months: -6.52%
• 6 months: -8.11%
• Year to date: -9.30%
• 1 year: 7.14%
• 5 years: -44.60%
• 10 years: -44.60%
• Sector: Technology
• Industry: Software - Infrastructure

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: 2,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

63% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 19

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

6% more capital invested

Capital invested by funds: $1.73B [Q3] → $1.84B (+$106M) [Q4]

1% more funds holding

Funds holding: 90 [Q3] → 91 (+1) [Q4]

0.27% more ownership

Funds ownership: 90.79% [Q3] → 91.06% (+0.27%) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]

Research analyst outlook

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

• Low target: $8 18% downside
• Avg. target: $10.57 8% upside
• High target: $15 54% upside

7 analyst ratings

• positive: 3 43%
• neutral: 3 43%
• negative: 1 14%

Piper Sandler Clarke Jeffries 14% 1-year accuracy 6 / 43 met price target	8% downside $9	Neutral Maintained	17 Mar 2025
Goldman Sachs Gabriela Borges 31% 1-year accuracy 9 / 29 met price target	18% downside $8	Sell Maintained	14 Mar 2025
Barclays Ryan Macwilliams 27% 1-year accuracy 6 / 22 met price target	8% downside $9	Equal-Weight Maintained	14 Mar 2025
Jefferies Samad Samana 21% 1-year accuracy 4 / 19 met price target	3% upside $10	Hold Maintained	14 Mar 2025
RBC Capital Matthew Hedberg 53% 1-year accuracy 109 / 206 met price target	13% upside $11	Outperform Maintained	14 Mar 2025