EverCommerce (NASDAQ:EVCM) Director Sells $134,848.56 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 14,594 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $9.24, for a total value of $134,848.56. Following the sale, the director owned 5,347,102 shares of the company’s stock, valued at $49,407,222.48. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, August 26th, Eric Richard Remer sold 21,821 shares of EverCommerce stock. The stock was sold at an average price of $8.98, for a total transaction of $195,952.58.
• On Tuesday, August 25th, Eric Richard Remer sold 20,710 shares of EverCommerce stock. The shares were sold at an average price of $9.13, for a total transaction of $189,082.30.
• On Monday, August 24th, Eric Richard Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total value of $133,731.18.
• On Friday, August 21st, Eric Richard Remer sold 16,602 shares of EverCommerce stock. The stock was sold at an average price of $9.63, for a total transaction of $159,877.26.
• On Thursday, August 20th, Eric Richard Remer sold 26,530 shares of EverCommerce stock. The stock was sold at an average price of $9.78, for a total transaction of $259,463.40.
• On Wednesday, August 19th, Eric Richard Remer sold 20,913 shares of EverCommerce stock. The stock was sold at an average price of $10.17, for a total value of $212,685.21.
• On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value of $291,481.19.
• On Friday, August 14th, Eric Richard Remer sold 23,947 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction 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 transaction 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.

EverCommerce Trading Down 1.5%

EverCommerce stock opened at $9.20 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of 51.11, a P/E/G ratio of 0.90 and a beta of 0.91. The stock has a 50-day moving average price of $10.47 and a 200 day moving average price of $10.68. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The firm had revenue of $152.02 million during the quarter, compared to analysts’ expectations of $152.29 million. During the same quarter last year, the company posted $0.04 earnings per share. EverCommerce’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a report on Friday, August 21st. Finally, Canaccord Genuity Group boosted their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, EverCommerce presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently modified their holdings of EVCM. California State Teachers Retirement System raised its position in shares of EverCommerce by 149.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock valued at $197,000 after acquiring an additional 1,187 shares in the last quarter. Bank of America Corp DE acquired a new position in EverCommerce in the second quarter worth $125,000. BlackRock Inc. bought a new stake in EverCommerce during the second quarter valued at $10,724,000. Deutsche Bank AG bought a new stake in EverCommerce during the second quarter valued at $144,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of EverCommerce during the second quarter worth $324,000. Institutional investors own 97.91% of the company’s stock.

About EverCommerce

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.