Eric Richard Remer Sells 20,710 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 20,710 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $9.13, for a total transaction of $189,082.30. Following the completion of the sale, the director directly owned 5,383,517 shares in the company, valued at approximately $49,151,510.21. The trade was a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, August 27th, Eric Richard Remer sold 14,594 shares of EverCommerce stock. The shares were sold at an average price of $9.24, for a total transaction of $134,848.56.
• On Wednesday, August 26th, Eric Richard Remer sold 21,821 shares of EverCommerce stock. The shares were sold at an average price of $8.98, for a total transaction of $195,952.58.
• 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 transaction of $133,731.18.
• On Friday, August 21st, Eric Richard 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.
• 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 shares were 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 stock was sold at an average price of $10.01, for a total value 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 value 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 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.

EverCommerce Trading Down 1.5%

Shares of EVCM opened at $9.20 on Friday. The stock has a fifty day moving average price of $10.47 and a two-hundred day moving average price of $10.68. 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 Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 0.91 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The business had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.EverCommerce’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 EPS. Analysts predict that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently bought and sold shares of EVCM. BlackRock Inc. acquired a new stake in EverCommerce during the 2nd quarter worth $10,724,000. CoreCap Advisors LLC acquired a new position in shares of EverCommerce in the 2nd quarter valued at $2,716,000. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 50,854 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of 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 purchasing an additional 49,041 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of EverCommerce during the third quarter worth $418,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EVCM shares. Royal Bank Of Canada decreased their price objective 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. Canaccord Genuity Group boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, EverCommerce presently has a consensus 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.