Goldman Sachs Remains a Sell on EverCommerce (EVCM)

In a report released today, Gabriela Borges from Goldman Sachs maintained a Sell rating on EverCommerce (EVCM – Research Report). The company’s shares closed today at $10.09.

Borges covers the Technology sector, focusing on stocks such as Check Point, CrowdStrike Holdings, and Squarespace. According to TipRanks, Borges has an average return of 3.7% and a 52.59% success rate on recommended stocks.

Currently, the analyst consensus on EverCommerce is a Moderate Buy with an average price target of $11.11.

Based on EverCommerce’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $169.44 million and a GAAP net loss of $23.34 million. In comparison, last year the company earned a revenue of $161.8 million and had a GAAP net loss of $17.77 million

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EverCommerce (EVCM) Company Description:

EverCommerce Inc service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 500,000 service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between service professionals and their end consumers. Specializing in Home Services, Health Services, and Fitness & Wellness Services industries.