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EverCommerce
(NASDAQ:EVCM)
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Rating:61Neutral
Price Target:
$9.50
▲(3.26% Upside)
Action:Reiterated
Date:09/15/26
Overall score reflects strong and improving cash-flow-driven fundamentals and a generally constructive earnings outlook on profitability, offset by very weak current technical momentum and a high P/E valuation. Near-term performance is constrained by soft new-customer acquisition and a slightly weaker NRR, even as margins and cash generation remain a key support.
Positive Factors
Strong cash generation
Robust operating and free cash flow provides internally generated funding for product investment, debt management, and shareholder returns. Because free cash flow is close to net income, the company’s improving profitability is currently supported by meaningful cash conversion rather than accounting earnings alone.
Negative Factors
Soft organic growth
Slower new-customer acquisition limits organic expansion and makes growth more dependent on pricing, retention, cross-selling, or acquisitions. If the EverPro weakness persists, it could delay the expected acceleration in the second half and constrain operating leverage despite healthy margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Robust operating and free cash flow provides internally generated funding for product investment, debt management, and shareholder returns. Because free cash flow is close to net income, the company’s improving profitability is currently supported by meaningful cash conversion rather than accounting earnings alone.
Read all positive factors
EverCommerce Key Performance Indicators (KPIs)
Any
Total Payment Volume
Measures the total value of payments processed, reflecting the scale of operations and the company's role in facilitating transactions.
Measures the total value of payments processed, reflecting the scale of operations and the company's role in facilitating transactions.
Data provided by:
The Fly
The FlyEverCommerce (EVCM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.63B
Dividend YieldN/A
Average Volume (3M)149.88K
Price to Earnings (P/E)49.8
Beta (1Y)0.98
Revenue Growth-6.77%
EPS GrowthN/A
CountryUS
Employees1,800
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.19
Shares Outstanding176,665,250
10 Day Avg. Volume94,838
30 Day Avg. Volume149,881
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)3.06
Price to Sales (P/S)3.73
P/FCF Ratio20.11
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue3.68
Enterprise Value/Gross Profit4.88
Enterprise Value/Ebitda16.28
Forecast
1Y Price Target
$11.00Price Target Upside19.57% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.73
Revenue Forecast (FY)$613.42M
EverCommerce Business Overview & Revenue Model
Company Description
EverCommerce Inc., along with its various affiliates, specializes in delivering comprehensive software-as-a-service (SaaS) solutions. These offerings are specifically designed to meet the needs of service-oriented small and medium-sized businesses...
How the Company Makes Money
EverCommerce primarily makes money by selling software solutions to service-based businesses through recurring subscription fees and related services. A major revenue stream is SaaS subscriptions for its vertical-specific applications (e.g., syste...
EverCommerce Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presented a mix of solid operational and financial achievements—most notably an adjusted EBITDA beat, strong margin profile, healthy cash flow, acceleration in payments and cross‑sell metrics—paired with near‑term headwinds in new customer acquisition (particularly in select EverPro product lines), a modest decline in NRR to 94%, and higher operating investment that pressure the near‑term outlook. Management outlined clear remediation plans (pricing actions, AI/SEO initiatives, go‑to‑market adjustments) and expects improvement into Q4. Given the strength in profitability, cash generation, payments momentum and multi‑solution adoption that underpin the business, the positive operational and financial highlights modestly outweigh the near‑term execution and organic acquisition challenges.Positive Updates
Revenue In Line With Guidance and Modest Year‑Over‑Year Growth
Q2 revenue of $152.0M (in line with the midpoint of guidance), representing +2.7% year‑over‑year growth for the quarter; pro forma LTM revenue of $599M, +3.7% YoY. CFO noted pro forma Q2 revenue growth of ~2% YoY when adjusted for the ZyraTalk acquisition.
Negative Updates
Slower New Customer Acquisition in EverPro Impacting Outlook
Management called out slower‑than‑expected new customer acquisition in certain EverPro solutions as the primary reason full‑year results are expected to trend toward the lower end of guidance; growth in Q2 was modest and recovery is expected to ramp into Q4.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue In Line With Guidance and Modest Year‑Over‑Year Growth
Q2 revenue of $152.0M (in line with the midpoint of guidance), representing +2.7% year‑over‑year growth for the quarter; pro forma LTM revenue of $599M, +3.7% YoY. CFO noted pro forma Q2 revenue growth of ~2% YoY when adjusted for the ZyraTalk acquisition.
Read all positive updates
Company Guidance
EverCommerce set third-quarter 2026 guidance for total revenue of $151.5–$154.5 million and adjusted EBITDA of $44–$46 million, and reiterated full-year 2026 guidance of $612–$632 million in revenue and $183–$191 million in adjusted EBITDA while noting results are likely to trend toward the lower end of those ranges; this follows Q2 reported revenue of $152 million (up 2.7% year‑over‑year) and adjusted EBITDA of $44.5 million (29.3% margin), pro forma LTM revenue of $599 million (up 3.7% YoY) with a 29.4% LTM adjusted EBITDA margin, and management’s view that growth should ramp from roughly 2% in Q2 to about 3% at the Q3 midpoint and into the back half of the year (with Q4 expected to see the largest improvement) driven by pricing actions, improved customer acquisition, disciplined expense management and retention initiatives.EverCommerce Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 598.10M | 588.91M | 698.76M | 675.37M | 620.75M | 490.14M |
| Gross Profit | 450.31M | 456.84M | 470.39M | 444.36M | 403.37M | 327.91M |
| EBITDA | 135.03M | 127.67M | 89.08M | 106.63M | 80.21M | 45.53M |
| Net Income | 34.05M | 17.60M | -41.09M | -45.62M | -59.82M | -81.97M |
Balance Sheet | ||||||
| Total Assets | 1.36B | 1.37B | 1.42B | 1.52B | 1.59B | 1.66B |
| Cash, Cash Equivalents and Short-Term Investments | 133.50M | 129.73M | 135.78M | 92.61M | 92.63M | 93.99M |
| Total Debt | 529.62M | 537.20M | 527.94M | 532.20M | 536.45M | 546.13M |
| Total Liabilities | 649.16M | 654.92M | 670.44M | 692.03M | 685.03M | 677.73M |
| Stockholders Equity | 715.28M | 716.87M | 750.83M | 826.04M | 906.69M | 985.65M |
Cash Flow | ||||||
| Free Cash Flow | 94.09M | 109.23M | 94.26M | 81.53M | 46.72M | 22.69M |
| Operating Cash Flow | 106.94M | 111.46M | 113.16M | 104.61M | 64.80M | 37.48M |
| Investing Cash Flow | -33.89M | -30.57M | -12.30M | -38.02M | -18.08M | -379.67M |
| Financing Cash Flow | -89.10M | -87.56M | -59.61M | -66.63M | -47.31M | 341.18M |
EverCommerce Technical Analysis
Negative
9.20
Price Trends
8.74
Positive
9.54
Negative
10.42
Negative
Market Momentum
0.20
Negative
54.09
Neutral
28.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVCM, the sentiment is Negative. The current price of 9.2 is above the 20-day moving average (MA) of 9.08, above the 50-day MA of 8.74, and below the 200-day MA of 10.42, indicating a neutral trend. The MACD of 0.20 indicates Negative momentum. The RSI at 54.09 is Neutral, neither overbought nor oversold. The STOCH value of 28.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVCM.
EverCommerce Risk Analysis
EverCommerce disclosed 59 risk factors in its most recent earnings report. EverCommerce reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EverCommerce Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.28B | 75.83 | 13.46% | 2.49% | 14.38% | 203.15% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $1.63B | 49.78 | 4.74% | ― | -6.77% | ― | |
58 Neutral | $594.53M | -29.16 | -24.96% | ― | 16.73% | 35.67% | |
57 Neutral | $203.89M | -24.51 | -4.27% | ― | 24.27% | 48.44% | |
56 Neutral | $734.19M | -9.88 | -8.73% | 0.34% | 18.81% | 25.45% | |
53 Neutral | $52.88M | -3.12 | -7.36% | ― | -6.16% | 84.49% |
* Technology Sector Average
EVCM
EverCommerce
9.26
-2.29
-19.83%
AGYS
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120.07
3.55
3.05%
ASUR
Asure
7.35
-1.11
-13.12%
PAR
Par Technology
18.17
-18.08
-49.88%
THRY
Thryv Holdings
1.18
-11.08
-90.38%
WEAV
Weave Communications
7.39
0.54
7.88%
EverCommerce Corporate Events
Business Operations and StrategyExecutive/Board Changes
EverCommerce Announces Executive Leadership Transition at EverPro Unit
Neutral
Sep 21, 2026
On September 18, 2026, EverCommerce announced that Matthew Feierstein resigned as President of the company and as Chief Executive Officer of its EverPro division, effective October 9, 2026 or a later mutually agreed date, with the company stating ...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial Disclosures
EverCommerce Appoints Alex Goor as New Chief Executive
Neutral
Aug 5, 2026
On August 5, 2026, EverCommerce’s board appointed veteran technology and financial services executive Alex Goor as chief executive officer and Class I director, effective August 6, 2026, succeeding founder Eric Remer, who stepped down as CEO...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.