Insider Selling: EverCommerce (NASDAQ:EVCM) Director Sells $195,952.58 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 21,821 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $8.98, for a total transaction of $195,952.58. Following the sale, the director owned 5,361,696 shares of the company’s stock, valued at approximately $48,148,030.08. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $134,848.56.
• On Tuesday, August 25th, Eric Richard Remer sold 20,710 shares of EverCommerce stock. The shares were sold at an average price of $9.13, for a total transaction of $189,082.30.
• On Monday, August 24th, Eric Richard Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total transaction of $133,731.18.
• 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 transaction 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 value of $212,685.21.
• 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 shares were sold at an average price of $9.87, for a total value of $244,795.74.

EverCommerce Price Performance

EVCM stock opened at $9.20 on Friday. The firm has a market cap of $1.63 billion, a P/E ratio of 51.11, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $10.68.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 EPS 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 company had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. During the same period last year, the firm posted $0.04 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of EverCommerce during the second quarter worth about $125,000. Prudential Financial Inc. increased its holdings in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the last quarter. Deutsche Bank AG bought a new stake in EverCommerce in the second quarter valued at about $144,000. Oxford Asset Management LLP acquired a new stake in EverCommerce during the second quarter valued at approximately $168,000. Finally, BNP Paribas Financial Markets raised its stake in EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

EVCM has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating 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. Royal Bank Of Canada decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Canaccord Genuity Group lifted their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.00.

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.