EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 20,710 Shares

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 20,710 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $9.13, for a total value of $189,082.30. Following the transaction, the director owned 5,383,517 shares in the company, valued at $49,151,510.21. This represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, August 27th, Eric Richard 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 Richard 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 Monday, August 24th, Eric Richard Remer sold 13,974 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $9.63, for a total value of $159,877.26.
• On Thursday, August 20th, Eric Richard Remer sold 26,530 shares of EverCommerce stock. The shares were sold at an average price of $9.78, for a total value of $259,463.40.
• On Wednesday, August 19th, Eric Richard Remer sold 20,913 shares of EverCommerce stock. The shares were sold at an average price of $10.17, for a total transaction of $212,685.21.
• On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $291,481.19.
• 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 transaction of $240,188.41.
• On Thursday, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The stock was 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 transaction of $244,795.74.

EverCommerce Stock Up 3.5%

Shares of NASDAQ EVCM opened at $9.34 on Friday. The company’s 50-day simple moving average is $10.47 and its 200-day simple moving average is $10.70. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last released its quarterly 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). The company had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. Equities analysts predict that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Canaccord Genuity Group boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Royal Bank Of Canada decreased their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On EverCommerce

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of EverCommerce in the second quarter valued at approximately $10,724,000. CoreCap Advisors LLC purchased a new position in EverCommerce during the second quarter worth approximately $2,716,000. Goldman Sachs Group Inc. boosted its stake in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares during the last quarter. Lazard Asset Management LLC boosted its stake in EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in EverCommerce in the 3rd quarter valued at $418,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

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.