EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 23,947 Shares

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 23,947 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $10.03, for a total transaction of $240,188.41. Following the sale, the director directly owned 5,511,365 shares in the company, valued at approximately $55,278,990.95. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 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.
• 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 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.

EverCommerce Stock Performance

Shares of EverCommerce stock traded down $0.18 on Tuesday, reaching $9.98. 112,529 shares of the stock were exchanged, compared to its average volume of 147,028. The business has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $10.80. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 55.44, a PEG ratio of 0.99 and a beta of 0.91. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. 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 issued 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). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. During the same quarter last year, the company posted $0.04 EPS. EverCommerce’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EVCM. Bank of America Corp DE acquired a new stake in shares of EverCommerce during the 2nd quarter valued at about $125,000. Prudential Financial Inc. raised its holdings in EverCommerce by 9.6% in the 2nd 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 period. Deutsche Bank AG acquired a new position in EverCommerce in the 2nd quarter worth about $144,000. O Shaughnessy Asset Management LLC purchased a new position in EverCommerce during the fourth quarter worth approximately $177,000. Finally, BNP Paribas Financial Markets grew its holdings in EverCommerce by 863.2% in the third 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 period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays lifted their price objective on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group raised their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada reduced their price target 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. Finally, Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.