Eric Richard Remer Sells 16,602 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 16,602 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $9.63, for a total value of $159,877.26. Following the sale, the director owned 5,418,201 shares in the company, valued at $52,177,275.63. The trade was a 0.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, August 24th, Eric Richard Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total value of $133,731.18.
• 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 transaction 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 transaction of $212,685.21.
• On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total transaction of $291,481.19.
• On Friday, August 14th, Eric Richard Remer sold 23,947 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.00, for a total transaction 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 transaction of $244,795.74.
• On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $11.85, for a total value of $159,299.55.

EverCommerce Stock Down 6.2%

Shares of EVCM opened at $8.96 on Wednesday. The business’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $10.72. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 49.78, a PEG ratio of 0.93 and a beta of 0.91. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week 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.

EverCommerce (NASDAQ:EVCM) last released its 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 return on equity of 3.95% and a net margin of 5.69%.The firm had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. During the same quarter in the previous year, the firm earned $0.04 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE acquired a new position in EverCommerce during the second quarter valued at approximately $125,000. Prudential Financial Inc. raised its holdings in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the period. Deutsche Bank AG bought a new position in shares of EverCommerce during the second quarter worth $144,000. Oxford Asset Management LLP bought a new position in shares of EverCommerce during the second quarter worth $168,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research note on Friday, May 8th. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note 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 report on Thursday, August 6th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Canaccord Genuity Group raised their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three 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.com, EverCommerce currently 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.