Eric Richard Remer Sells 40,906 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 40,906 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $8.91, for a total transaction of $364,472.46. Following the completion of the sale, the director directly owned 5,070,145 shares of the company’s stock, valued at $45,174,991.95. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, September 1st, Eric Richard Remer sold 47,353 shares of EverCommerce stock. The stock was sold at an average price of $8.24, for a total transaction of $390,188.72.
• On Friday, August 28th, Eric Richard Remer sold 23,824 shares of EverCommerce stock. The shares were sold at an average price of $9.21, for a total transaction of $219,419.04.
• 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 stock was sold at an average price of $8.98, for a total transaction of $195,952.58.
• On Tuesday, August 25th, Eric Richard Remer sold 20,710 shares of EverCommerce stock. The stock was sold at an average price of $9.13, for a total transaction of $189,082.30.
• 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 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 value 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 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 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 value of $291,481.19.

EverCommerce Stock Down 1.7%

Shares of EVCM stock opened at $7.93 on Thursday. The stock’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $10.65. 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 twelve month low of $7.66 and a twelve month high of $14.41. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 0.79 and a beta of 0.84.

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

Institutional Trading of EverCommerce

A number of hedge funds have recently bought and sold shares of EVCM. CoreCap Advisors LLC acquired a new position in shares of EverCommerce during the second quarter valued at about $2,716,000. Zacks Investment Management bought a new stake in shares of EverCommerce in the third quarter valued at about $418,000. Occudo Quantitative Strategies LP acquired a new stake in EverCommerce during the second quarter worth about $302,000. American Century Companies Inc. grew its position in EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after buying an additional 4,576 shares in the last quarter. Finally, Barclays PLC increased its stake in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after acquiring an additional 1,101 shares during the period. 97.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EVCM shares. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. 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. Royal Bank Of Canada decreased their price target on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Three 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. According to MarketBeat, EverCommerce has an average rating of “Hold” and an average 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.