EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 29,119 Shares

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 29,119 shares of EverCommerce stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $10.01, for a total value of $291,481.19. Following the completion of the transaction, the director owned 5,482,246 shares in the company, valued at $54,877,282.46. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 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 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 shares were 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 transaction 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 transaction 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.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total value of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.

EverCommerce Price Performance

EverCommerce stock opened at $9.98 on Wednesday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. 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 business has a fifty day moving average of $10.41 and a two-hundred day moving average of $10.79. The company has a market cap of $1.76 billion, a P/E ratio of 55.44, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last issued 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). 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 analysts’ expectations of $152.29 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. EverCommerce’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC acquired a new position in shares of EverCommerce in the second quarter worth $2,716,000. Barclays PLC lifted its position in shares of EverCommerce by 5.1% in 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 in the last quarter. Wells Fargo & Company MN boosted its stake in shares of EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce during the fourth quarter valued at $177,000. Finally, BNP Paribas Financial Markets increased its position in 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. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EVCM. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Barclays raised their price target on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company 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 assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, EverCommerce has a consensus 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.