EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 5,313 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 5,313 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $8.03, for a total transaction of $42,663.39. Following the completion of the sale, the director directly owned 5,017,479 shares of the company’s stock, valued at approximately $40,290,356.37. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The stock was sold at an average price of $8.02, for a total value of $24,035.94.
• On Thursday, September 3rd, Eric Remer sold 6,354 shares of EverCommerce stock. The stock was sold at an average price of $8.07, for a total transaction of $51,276.78.
• 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 value 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 stock was sold at an average price of $9.13, for a total value of $189,082.30.
• On Monday, August 24th, Eric Remer sold 13,974 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $9.63, for a total transaction of $159,877.26.

EverCommerce Stock Down 0.1%

Shares of EverCommerce stock opened at $7.92 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 44.00, a PEG ratio of 0.77 and a beta of 0.84. The stock has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $10.61. EverCommerce Inc. has a 12-month low of $7.66 and a 12-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 released its quarterly earnings data 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). The company had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. Equities analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its position in shares of EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after buying an additional 1,101 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of EverCommerce by 149.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock valued at $197,000 after acquiring an additional 1,187 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of EverCommerce by 9.6% during 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 in the last quarter. American Century Companies Inc. increased its holdings in shares of EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after acquiring an additional 4,576 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank Of Canada lowered 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. Wall Street Zen raised shares of EverCommerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Canaccord Genuity Group increased their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, EverCommerce has an average rating of “Hold” and a consensus target price 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.