EverCommerce (EVCM) AI Stock Analysis

• Market Cap: $2.12B
• Dividend Yield: N/A
• Average Volume (3M): 233.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• Revenue Growth: -1.96%
• EPS Growth: 19.43%
• Country: US
• Employees: 2,000
• Sector: Technology
• Sector Strength: 91
• Industry: Software - Infrastructure
• EPS (TTM): -0.04
• Shares Outstanding: 182,540,860
• 10 Day Avg. Volume: 202,045
• 30 Day Avg. Volume: 233,582
• PEG Ratio: -2.88
• Price to Book (P/B): 2.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.06
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: 0.91
• Enterprise Value/Gross Profit: 5.33
• Enterprise Value/Ebitda: 6.20
• 1Y Price Target: $12.14
• Price Target Upside: 6.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 73 Outperform
• Price Target: $12.50 ▲(9.27%Upside)

EverCommerce's stock is bolstered by strong revenue growth and effective cash management, reflected in a high financial performance score. Positive technical indicators and a favorable earnings call further enhance the score. However, valuation concerns due to negative earnings impact the overall attractiveness.

Positive Factors

Customer Expansion

The company added 25,000 new 'enabled' customers, nearly doubling enablement from its previous best quarter, showcasing successful integrated selling strategies.

Financial Strategy

EverCommerce initiated an additional $50 million share repurchase program, boosting investor confidence and potentially enhancing shareholder value.

Revenue Growth

EverCommerce achieved a pro forma revenue growth rate of 7.4%, marking the highest growth rate in six quarters and indicating strong business momentum.

Negative Factors

MarTech Segment Challenges

The MarTech segment has been linked with mixed or disappointing earnings guidance in several quarters, signaling ongoing challenges in this area.

Revenue Quality Concerns

The MarTech segment is considered lower-quality revenue due to its lower gross margin and adjusted EBITDA margin, impacting overall financial performance.

EverCommerce Business Overview & Revenue Model

Company Description

EverCommerce Inc., together with its subsidiaries, engages in providing 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, including route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions that comprise e-invoicing, mobile payments, and integrated payment processing; customer engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation. It also provides EverPro suite of solutions in home services; EverHealth suite of solutions within health services; and EverWell suite of solutions in fitness and wellness services. In addition, the company offers professional services, including implementation, configuration, installation, or training services. It serves home service professionals, such as home improvement contractors and home maintenance technicians; physician practices and therapists in the health services industry; and personal trainers and salon owners in the fitness and wellness sectors. The company was formerly known as PaySimple Holdings, Inc. and changed its name to EverCommerce Inc. in December 2020. The company was incorporated in 2016 and is headquartered in Denver, Colorado.

How the Company Makes Money

EverCommerce generates revenue through a subscription-based model for its suite of SaaS solutions, which includes business management, customer engagement, and payment processing tools. The company's key revenue streams are subscription fees for its software offerings and transaction fees from its payment processing services. Additionally, EverCommerce benefits from strategic partnerships and integrations with industry-leading platforms that enhance its service offerings and expand its market reach. The company's focus on delivering industry-specific solutions helps it to maintain strong customer retention and attract new clients within its target sectors.

EverCommerce Financial Statement Overview

Summary

EverCommerce demonstrates strong revenue growth and effective cash flow management with a solid balance sheet. However, ongoing profitability challenges, as evidenced by negative net income margins, limit financial performance.

Income Statement

EverCommerce has shown a consistent revenue growth trajectory with a TTM total revenue of $670.93 million from $620.75 million in 2022, reflecting a growth rate of approximately 8.07%. The gross profit margin for the TTM period stands at 69.8%, indicating strong cost management. However, the company is struggling with profitability issues, as evidenced by the negative net income margin of -4.84% and net losses over several years. The EBIT margin of 2.84% and EBITDA margin of 11.9% for the TTM period indicate limited operating profitability, highlighting challenges in achieving bottom-line improvements.

Balance Sheet

The balance sheet shows a solid equity position with a debt-to-equity ratio of 0.007 for the TTM period, indicating low leverage. The equity ratio of 52.27% demonstrates a strong capital structure. However, the net income remains negative, affecting the return on equity, which is also negative at -4.39%. The company's high level of cash and cash equivalents, significantly exceeding its total debt, provides financial stability and liquidity.

Cash Flow

EverCommerce has demonstrated strong cash flow generation, with a TTM operating cash flow of $130.54 million and free cash flow of $123.98 million. The free cash flow to net income ratio is positive, despite net losses, indicating effective cash management. The free cash flow growth rate from 2023 to the TTM period is a robust 52.06%, highlighting improved cash flow performance. The operating cash flow to net income ratio is also favorable, further underscoring the company's strong cash-generating ability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	698.76M	675.37M	620.75M	490.14M	337.52M
Gross Profit	470.39M	444.36M	403.37M	327.91M	222.50M
EBITDA	89.08M	106.63M	80.21M	45.53M	54.80M
Net Income	-41.09M	-45.62M	-59.82M	-81.97M	-59.95M
Balance Sheet
Total Assets	1.42B	1.52B	1.59B	1.66B	1.33B
Cash, Cash Equivalents and Short-Term Investments	135.78M	92.61M	92.63M	93.99M	96.03M
Total Debt	527.94M	532.20M	536.45M	546.13M	698.33M
Total Liabilities	670.44M	692.03M	685.03M	677.73M	808.43M
Stockholders Equity	750.83M	826.04M	906.69M	985.65M	519.16M
Cash Flow
Free Cash Flow	94.26M	81.53M	46.72M	22.69M	44.46M
Operating Cash Flow	113.16M	104.61M	64.80M	37.48M	57.54M
Investing Cash Flow	-12.30M	-38.02M	-18.08M	-379.67M	-418.31M
Financing Cash Flow	-59.61M	-66.63M	-47.31M	341.18M	401.85M

EverCommerce Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVCM, the sentiment is Positive. The current price of 11.44 is above the 20-day moving average (MA) of 10.78, above the 50-day MA of 10.38, and above the 200-day MA of 10.53, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 69.48 is Neutral, neither overbought nor oversold. The STOCH value of 85.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVCM.

EverCommerce Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVCM	73 Outperform	$2.12B	―	-3.09%	―	-1.96%	19.43%
TUYA	73 Outperform	$1.54B	74.85	1.98%	4.22%	27.63%	―
CSGS	72 Outperform	$1.85B	21.73	30.24%	1.95%	3.08%	34.87%
FIVN	70 Outperform	$2.16B	―	-0.90%	―	14.44%	91.60%
MQ	68 Neutral	$2.76B	58.72	5.01%	―	-8.44%	―
TDC	68 Neutral	$2.11B	15.58	130.19%	―	-6.53%	240.56%
Sector *	61 Neutral	€9.27B	16.99	3.87%	1.81%	4.19%	-25.91%

EverCommerce Corporate Events

EverCommerce Holds Annual Stockholders Meeting June 2025

On June 20, 2025, EverCommerce Inc. held its Annual Meeting of Stockholders with 97.95% of the company’s outstanding common stock represented. During the meeting, two Class I Directors were elected to serve until the 2028 Annual Meeting, and Ernst & Young LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2025.

The most recent analyst rating on (EVCM) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on EverCommerce stock, see the EVCM Stock Forecast page.

EverCommerce Amends Credit Agreement with RBC

On June 10, 2025, EverCommerce Inc. subsidiaries amended their Credit Agreement with Royal Bank of Canada, reducing the revolver commitments from $190 million to $155 million and extending the maturity date for $125 million of these commitments to January 6, 2028. This amendment also lowered the applicable margin rates for both Term SOFR and Alternate Base Rate loans, potentially improving the company’s financial flexibility and cost of borrowing.

The most recent analyst rating on (EVCM) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on EverCommerce stock, see the EVCM Stock Forecast page.

EverCommerce Appoints Amy Shenkan to Board

On May 17, 2025, EverCommerce Inc. appointed Amy Guggenheim Shenkan to its Board of Directors as a Class II director and as a member of the Audit Committee. As part of her role, Ms. Shenkan will receive an annual retainer and an initial equity award, which will vest in full by May 17, 2026, contingent on her continued service.

The most recent analyst rating on (EVCM) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on EverCommerce stock, see the EVCM Stock Forecast page.