Eric Richard Remer Sells 24,802 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 24,802 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $9.87, for a total transaction of $244,795.74. Following the completion of the transaction, the chief executive officer owned 5,552,597 shares of the company’s stock, valued at approximately $54,804,132.39. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The stock was 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 value of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The shares were sold at an average price of $12.07, for a total value of $126,626.37.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total value of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.
• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The stock was sold at an average price of $10.08, for a total value of $113,591.52.

EverCommerce Price Performance

Shares of EVCM opened at $10.19 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The stock’s fifty day moving average is $10.37 and its 200-day moving average is $10.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last posted 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 company had revenue of $152.02 million during 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 business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. Equities analysts anticipate that EverCommerce Inc. will post 0.57 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new position in shares of EverCommerce during the 2nd quarter valued at about $2,716,000. American Century Companies Inc. grew its stake in shares of EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after purchasing an additional 4,576 shares during the last quarter. Barclays PLC raised its holdings in shares of EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in EverCommerce during the fourth quarter valued at approximately $177,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Barclays boosted their target price on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada cut their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.