Eric Richard Remer Sells 29,119 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) Director Eric Richard Remer sold 29,119 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $10.01, for a total value of $291,481.19. Following the transaction, the director directly owned 5,482,246 shares in the company, valued at approximately $54,877,282.46. This represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Eric Richard Remer also recently made the following trade(s):

  • On Friday, August 14th, Eric Richard Remer sold 23,947 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $240,188.41.
  • On Thursday, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $172,850.00.
  • On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $244,795.74.
  • On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total value of $249,742.28.
  • On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total value of $68,105.31.
  • On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $159,299.55.
  • On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were sold at an average price of $11.97, for a total transaction of $104,246.73.
  • On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total transaction of $126,626.37.
  • On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total transaction of $136,367.00.
  • On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction of $206,784.00.

EverCommerce Trading Down 1.8%

Shares of NASDAQ EVCM traded down $0.18 during trading hours on Tuesday, reaching $9.98. The stock had a trading volume of 112,529 shares, compared to its average volume of 147,028. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average price is $10.39 and its two-hundred day moving average price is $10.80. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 55.44, a P/E/G ratio of 0.99 and a beta of 0.91. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCMGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The firm had revenue of $152.02 million during the quarter, compared to analysts’ expectations of $152.29 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. EverCommerce’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts expect that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. Bank of America Corp DE purchased a new stake in EverCommerce during the second quarter valued at approximately $125,000. Prudential Financial Inc. grew its holdings in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of EverCommerce during the second quarter worth $144,000. O Shaughnessy Asset Management LLC acquired a new position in shares of EverCommerce during the fourth quarter worth $177,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EverCommerce by 863.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after purchasing an additional 13,734 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

EVCM has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Barclays upped their price objective on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average price target of $11.00.

Get Our Latest Analysis on EVCM

About EverCommerce

(Get Free Report)

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.

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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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