Raymond James Cautions on EverCommerce (EVCM) Growth as Insider Ownership and Liquidity Headwinds Loom
EverCommerce Inc. (NASDAQ:EVCM) is one of the overlooked growth stocks to buy. On January 6, Raymond James downgraded EverCommerce to Market Perform from Outperform without setting a price target on the shares. This decision was made as the firm noted that after a strong run and the stock gaining 15% over the last six months, the potential for further growth is likely capped. The firm cited the company’s liquidity profile and substantial insider ownership as primary headwinds. On the same day, RBC Capita ...