Insider Selling: EverCommerce (NASDAQ:EVCM) Director Sells $390,188.72 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 47,353 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $8.24, for a total value of $390,188.72. Following the sale, the director directly owned 5,022,792 shares in the company, valued at approximately $41,387,806.08. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The stock was sold at an average price of $8.91, for a total value of $364,472.46.
• On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The stock was sold at an average price of $9.21, for a total value of $219,419.04.
• On Thursday, August 27th, Eric Remer sold 14,594 shares of EverCommerce stock. The shares were sold at an average price of $9.24, for a total value of $134,848.56.
• On Wednesday, August 26th, Eric Remer sold 21,821 shares of EverCommerce stock. The shares were sold at an average price of $8.98, for a total value of $195,952.58.
• On Tuesday, August 25th, Eric Remer sold 20,710 shares of EverCommerce stock. The stock was sold at an average price of $9.13, for a total value of $189,082.30.
• On Monday, August 24th, Eric Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total transaction of $133,731.18.
• On Friday, August 21st, Eric Remer sold 16,602 shares of EverCommerce stock. The shares were sold at an average price of $9.63, for a total transaction of $159,877.26.
• On Thursday, August 20th, Eric 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 Remer sold 20,913 shares of EverCommerce stock. The stock was sold at an average price of $10.17, for a total transaction of $212,685.21.
• On Tuesday, August 18th, Eric Remer sold 29,119 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total transaction of $291,481.19.

EverCommerce Price Performance

EVCM stock opened at $7.93 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 44.06, a PEG ratio of 0.77 and a beta of 0.84. The company has a fifty day moving average price of $10.43 and a 200-day moving average price of $10.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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). The business had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS. As a group, equities analysts expect that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Trading of EverCommerce

Several large investors have recently made changes to their positions in EVCM. BlackRock Inc. acquired a new position in EverCommerce during the 2nd quarter worth approximately $10,724,000. CoreCap Advisors LLC acquired a new stake in EverCommerce in the second quarter valued at approximately $2,716,000. Goldman Sachs Group Inc. grew its stake in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after acquiring an additional 50,854 shares during the period. Lazard Asset Management LLC increased its holdings in shares of EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after acquiring an additional 49,041 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of EverCommerce during the third quarter valued at approximately $418,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

EverCommerce Company Profile

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.