EverCommerce (EVCM)

• Market cap: $2.02B
• 1 day: -2.21%
• 5 days: -3.49%
• 1 month: 5.24%
• 3 months: 13.22%
• 6 months: 9.51%
• Year to date: 2.79%
• 1 year: -8.75%
• 5 years: -37.22%
• 10 years: -37.22%
• 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 mostly 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2024] → 4 (+1) [Q1 2025]

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

3% more funds holding

Funds holding: 91 [Q4 2024] → 94 (+3) [Q1 2025]

0.1% less ownership

Funds ownership: 91.06% [Q4 2024] → 90.96% (-0.1%) [Q1 2025]

9% less capital invested

Capital invested by funds: $1.84B [Q4 2024] → $1.68B (-$158M) [Q1 2025]

27% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 30

Research analyst outlook

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

• Low target: $11 0% upside
• Avg. target: $12.50 13% upside
• High target: $14 27% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Barclays Ryan Macwilliams	0% downside $11	Equal-Weight Maintained	12 May 2025
Canaccord Genuity David Hynes	27% upside $14	Buy Maintained	12 May 2025