EverCommerce (NASDAQ:EVCM) Director Sells $51,276.78 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 6,354 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $8.07, for a total value of $51,276.78. Following the transaction, the director owned 5,011,125 shares of the company’s stock, valued at approximately $40,439,778.75. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The shares were sold at an average price of $8.02, for a total value of $24,035.94.
• On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The shares were sold at an average price of $8.03, for a total value of $42,663.39.
• On Tuesday, September 1st, Eric Remer sold 47,353 shares of EverCommerce stock. The shares were sold at an average price of $8.24, for a total transaction of $390,188.72.
• On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The stock was sold at an average price of $8.91, for a total transaction of $364,472.46.
• On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The stock was sold at an average price of $9.21, for a total transaction of $219,419.04.
• On Thursday, August 27th, Eric 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 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 Tuesday, August 25th, Eric Remer sold 20,710 shares of EverCommerce stock. The shares were sold at an average price of $9.13, for a total transaction of $189,082.30.
• On Monday, August 24th, Eric Remer sold 13,974 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total transaction of $133,731.18.
• On Friday, August 21st, Eric Remer sold 16,602 shares of EverCommerce stock. The shares were sold at an average price of $9.63, for a total transaction of $159,877.26.

EverCommerce Stock Performance

EVCM opened at $7.92 on Monday. The business’s 50 day moving average is $10.40 and its 200-day moving average is $10.61. The stock has a market cap of $1.40 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in EverCommerce in the second quarter worth about $125,000. Prudential Financial Inc. boosted its position in shares of EverCommerce by 9.6% during the 2nd 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 bought a new position in shares of EverCommerce during the 2nd quarter valued at about $144,000. Oxford Asset Management LLP acquired a new position in shares of EverCommerce in the 2nd quarter worth approximately $168,000. Finally, BNP Paribas Financial Markets raised 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 worth $171,000 after purchasing an additional 13,734 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays raised their price target on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of EverCommerce from a “buy” rating to a “strong-buy” rating in a report on Saturday. 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. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Finally, Canaccord Genuity Group upped their price target 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. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, 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.