Eric Richard Remer Sells 8,709 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,709 shares of EverCommerce stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $11.97, for a total transaction of $104,246.73. Following the sale, the chief executive officer directly owned 5,621,851 shares of the company’s stock, valued at $67,293,556.47. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $126,626.37.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total value of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.
• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The stock was sold at an average price of $10.08, for a total value of $113,591.52.
• On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $193,290.00.
• On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The shares were sold at an average price of $10.68, for a total value of $184,710.60.
• On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total value of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The stock was sold at an average price of $9.03, for a total transaction of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total transaction of $42,028.20.

EverCommerce Trading Up 1.6%

NASDAQ EVCM opened at $12.34 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 72.59, a price-to-earnings-growth ratio of 1.09 and a beta of 0.93. The company’s 50-day simple moving average is $10.29 and its two-hundred day simple moving average is $10.94. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business had revenue of $147.47 million during the quarter, compared to the consensus estimate of $147.18 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts forecast that EverCommerce Inc. will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EVCM. Barclays PLC raised its stake in shares of EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after acquiring an additional 1,101 shares in the last quarter. Prudential Financial Inc. lifted its position in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares during the last quarter. American Century Companies Inc. lifted its position in 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 during the last quarter. Wells Fargo & Company MN boosted its stake in EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EVCM. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Canaccord Genuity Group lifted their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.25.

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.