Eric Richard Remer Sells 26,530 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 26,530 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $9.78, for a total transaction of $259,463.40. Following the transaction, the director directly owned 5,434,803 shares in the company, valued at approximately $53,152,373.34. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 stock was 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 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 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 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 stock was 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 value of $126,626.37.

EverCommerce Stock Down 4.3%

Shares of EVCM traded down $0.43 during trading hours on Thursday, hitting $9.68. 116,099 shares of the company were exchanged, compared to its average volume of 146,864. 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 market cap of $1.71 billion, a PE ratio of 53.78, a PEG ratio of 0.97 and a beta of 0.91. The firm’s 50 day moving average is $10.43 and its 200-day moving average is $10.77. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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). The company 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 firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. On average, equities research analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Barclays boosted 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, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, EverCommerce has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in EverCommerce during the second quarter worth about $125,000. Prudential Financial Inc. lifted its position in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. Deutsche Bank AG bought a new stake in shares of EverCommerce in the 2nd quarter worth approximately $144,000. Oxford Asset Management LLP acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $168,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of EverCommerce by 863.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares in the last quarter. Institutional investors and hedge funds 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.