EverCommerce Inc.
In the published model solve dated 2026-Q2, anchored at $7.92, EverCommerce Inc. (EVCM) is priced for today's economics sustained for ~5.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• The customer base is vast and individually tiny: EverCommerce ⟦"served more than 725,000 customers at the end of 2024"⟧, and as of December 2025 roughly 93% of them contributed under 2 thousand dollars of revenue each. • Those customers spend a little less each year rather than a little more, with annualized net revenue retention running approximately 95% for the quarter ended March 31, 2026 against 97% a year earlier, which means growth has to be bought rather than compounded. • Second-quarte
Is EVCM overvalued? See what's priced in →
85 institutional managers reported holding EVCM in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 90%. 14 opened new positions that quarter. Held by BlackRock, Geode Capital, Arrowstreet Capital, among others. On the short side, 1.5M shares were sold short as of the 2026-06-15 count, about 0.8% of shares outstanding (10 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at EVCM over the trailing three years. Absence is a fact about the company, not a signal. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
EVCM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +3.2% | -7.6% |
| 2023-11-08 | -15.3% | +26.5% |
| 2024-03-15 | -11.2% | +28.9% |
| 2024-05-10 | +2.3% | +12.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
EVCM's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-06-23 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-03-12 (items 2.02, 9.01); 2025-11-06 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.