Eric Richard Remer Sells 2,997 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 2,997 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $8.02, for a total value of $24,035.94. Following the sale, the director directly owned 5,008,128 shares of the company’s stock, valued at $40,165,186.56. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, September 3rd, Eric Remer sold 6,354 shares of EverCommerce stock. The shares were sold at an average price of $8.07, for a total value of $51,276.78.
• On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The stock was sold at an average price of $8.03, for a total value of $42,663.39.
• On Tuesday, September 1st, Eric Remer sold 47,353 shares of EverCommerce stock. The shares were sold at an average price of $8.24, for a total transaction of $390,188.72.
• On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The shares were sold at an average price of $8.91, for a total transaction of $364,472.46.
• On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The shares were sold at an average price of $9.21, for a total transaction of $219,419.04.
• On Thursday, August 27th, Eric Remer sold 14,594 shares of EverCommerce stock. The stock was sold at an average price of $9.24, for a total transaction of $134,848.56.
• On Wednesday, August 26th, Eric Remer sold 21,821 shares of EverCommerce stock. The stock was sold at an average price of $8.98, for a total transaction of $195,952.58.
• On Tuesday, August 25th, Eric 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 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 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.

EverCommerce Stock Down 0.1%

EverCommerce stock traded down $0.01 during mid-day trading on Friday, hitting $7.92. 162,412 shares of the company’s stock were exchanged, compared to its average volume of 145,987. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The stock has a 50 day moving average of $10.43 and a two-hundred day moving average of $10.63. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.40 billion, a P/E ratio of 44.00, a P/E/G ratio of 0.77 and a beta of 0.84.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results 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). 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%.EverCommerce’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. As a group, analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in EverCommerce by 149.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock worth $197,000 after buying an additional 1,187 shares during the period. Bank of America Corp DE bought a new stake in shares of EverCommerce in the second quarter valued at approximately $125,000. BlackRock Inc. bought a new stake in shares of EverCommerce in the second quarter valued at approximately $10,724,000. Deutsche Bank AG acquired a new stake in shares of EverCommerce in the second quarter worth $144,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of EverCommerce in the second quarter worth $324,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EVCM has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Finally, Barclays lifted their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently 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.