EverCommerce (NASDAQ:EVCM) Director Sells $291,481.19 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 29,119 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $10.01, for a total transaction of $291,481.19. Following the transaction, the director directly owned 5,482,246 shares in the company, valued at approximately $54,877,282.46. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, August 20th, Eric Richard Remer sold 26,530 shares of EverCommerce stock. The stock was 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 value of $212,685.21.
• On Friday, August 14th, Eric Richard Remer sold 23,947 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $240,188.41.
• On Thursday, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The shares were 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.
• On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The stock was sold at an average price of $9.89, for a total transaction 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 transaction 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 value of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were sold at an average price of $11.97, for a total value of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total transaction of $126,626.37.

EverCommerce Trading Down 4.3%

Shares of EVCM stock opened at $9.68 on Friday. The company has a 50 day moving average of $10.43 and a 200-day moving average of $10.76. 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 Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The firm has a market cap of $1.71 billion, a P/E ratio of 53.78, a PEG ratio of 0.99 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm 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 was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Canaccord Genuity Group upped their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada reduced their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Barclays lifted their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently modified their holdings of EVCM. BlackRock Inc. bought a new position in shares of EverCommerce during the second quarter valued at $10,724,000. CoreCap Advisors LLC bought a new stake in EverCommerce in the 2nd quarter worth about $2,716,000. Goldman Sachs Group Inc. increased its holdings in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares in the last quarter. Lazard Asset Management LLC raised its position in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in EverCommerce in the 3rd quarter worth about $418,000. Institutional investors own 97.91% of the company’s stock.

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.