EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 20,913 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 20,913 shares of EverCommerce stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $10.17, for a total value of $212,685.21. Following the sale, the director directly owned 5,461,333 shares of the company’s stock, valued at approximately $55,541,756.61. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 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 stock was sold at an average price of $10.03, for a total value 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 value of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value 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 transaction 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 transaction of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was sold at an average price of $11.97, for a total transaction 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 transaction of $126,626.37.

EverCommerce Stock Down 4.3%

EVCM stock opened at $9.68 on Friday. The firm’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $10.76. The company has a market capitalization of $1.71 billion, a P/E ratio of 53.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $0.04 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on EVCM. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. 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. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Barclays upped their price objective on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating 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 given a Sell rating to the stock. Based on data from MarketBeat.com, EverCommerce currently has an average rating of “Hold” and an average target price of $11.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of EverCommerce in the second quarter worth about $125,000. BlackRock Inc. acquired a new stake in shares of EverCommerce during the 2nd quarter valued at about $10,724,000. Deutsche Bank AG acquired a new stake in shares of EverCommerce during the 2nd quarter valued at about $144,000. Bank of New York Mellon Corp purchased a new position in shares of EverCommerce in the 2nd quarter valued at about $324,000. Finally, CoreCap Advisors LLC purchased a new position in shares of EverCommerce in the 2nd quarter valued at about $2,716,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.