EverCommerce price target lowered to $12 from $17 at JMP Securities

JMP Securities lowered the firm’s price target on EverCommerce to $12 from $17 and keeps an Outperform rating on the shares. The company reported mixed Q3 results, with continued headwinds in the marketing technology and fitness parts of the business, while guidance was also mixed, the analyst tells investors in a research note. Despite the results, JMP still likes EverCommerce as well as the payments cross-sell opportunity, the firm adds.