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 business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.63, for a total transaction of $159,877.26. Following the sale, the director directly owned 5,418,201 shares in the company, valued at approximately $52,177,275.63. This represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 stock was 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 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 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 value of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value 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 value 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 value 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 transaction of $159,299.55.

EverCommerce Stock Down 0.9%

EVCM traded down $0.09 during trading hours on Monday, reaching $9.55. 82,111 shares of the stock traded hands, compared to its average volume of 141,112. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 0.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm’s fifty day simple moving average is $10.45 and its two-hundred day simple moving average is $10.73.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). The business had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. As a group, analysts forecast that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Royal Bank Of Canada decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group boosted their price target on shares of 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.00.

Hedge Funds Weigh In On EverCommerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in EverCommerce in the 2nd quarter worth approximately $125,000. Prudential Financial Inc. grew its stake in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Deutsche Bank AG acquired a new position in EverCommerce in the 2nd quarter worth about $144,000. Oxford Asset Management LLP acquired a new position in EverCommerce in the 2nd quarter worth about $168,000. Finally, BNP Paribas Financial Markets raised its stake 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. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

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.