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

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 2,997 shares of the stock in a transaction on Friday, September 4th. The shares were 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 in the company, valued at approximately $40,165,186.56. The trade was a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 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 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 value of $364,472.46.
• On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The stock was sold at an average price of $9.21, for a total value 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 value of $134,848.56.
• On Wednesday, August 26th, Eric Remer sold 21,821 shares of EverCommerce stock. The shares were sold at an average price of $8.98, for a total value 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 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 stock was sold at an average price of $9.63, for a total transaction of $159,877.26.

EverCommerce Stock Performance

Shares of EVCM stock opened at $7.92 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a 50 day moving average price of $10.40 and a 200 day moving average price of $10.61. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.00, a price-to-earnings-growth 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). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. During the same quarter last year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new position in EverCommerce in the second quarter valued at about $2,716,000. BlackRock Inc. purchased a new stake in EverCommerce during the 2nd quarter worth approximately $10,724,000. Quantinno Capital Management LP raised its position in shares of EverCommerce by 117.7% in the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after purchasing an additional 26,109 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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 buying an additional 7,085 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce during the fourth quarter worth approximately $177,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EVCM. Wall Street Zen raised EverCommerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Barclays lifted their price target on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group raised their target price 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. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, EverCommerce presently has a consensus rating of “Hold” and an average target price 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.