EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 13,974 Shares

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 13,974 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $9.57, for a total transaction of $133,731.18. Following the sale, the director directly owned 5,404,227 shares in the company, valued at approximately $51,718,452.39. This trade represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 21st, Eric Richard Remer sold 16,602 shares of EverCommerce stock. The stock was 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 stock was 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 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 transaction 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 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 shares were sold at an average price of $11.85, for a total transaction of $159,299.55.

EverCommerce Stock Performance

NASDAQ:EVCM traded down $0.09 during trading hours on Monday, reaching $9.55. The company had a trading volume of 82,111 shares, compared to its average volume of 141,112. The firm’s 50 day moving average price is $10.45 and its 200-day moving average price is $10.73. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 0.94 and a beta of 0.91. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The business had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. On average, analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Barclays increased their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada cut 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. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Finally, Canaccord Genuity Group increased their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Hedge Funds Weigh In On EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in EverCommerce in the 2nd quarter valued at approximately $10,724,000. CoreCap Advisors LLC bought a new stake in shares of EverCommerce in the 2nd quarter worth approximately $2,716,000. Goldman Sachs Group Inc. raised its holdings in shares of EverCommerce by 94.7% during 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 grew its holdings in shares of EverCommerce by 5,995.2% during the 2nd 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 position in EverCommerce during the third quarter valued at about $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.