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

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 26,530 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $9.78, for a total value of $259,463.40. Following the sale, the director owned 5,434,803 shares in the company, valued at $53,152,373.34. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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.
• 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 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 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 transaction of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were 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 transaction of $126,626.37.

EverCommerce Stock Performance

EverCommerce stock opened at $9.68 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.71 billion, a PE ratio of 53.78, a P/E/G ratio of 0.99 and a beta of 0.91. The firm has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $10.76. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data 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). The company had revenue of $152.02 million for 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. Research analysts expect that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. BlackRock Inc. purchased a new stake in EverCommerce in the second quarter worth $10,724,000. CoreCap Advisors LLC bought a new position in EverCommerce in the second quarter worth $2,716,000. Goldman Sachs Group Inc. lifted its position in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after buying an additional 50,854 shares during the period. Lazard Asset Management LLC lifted its position in EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after buying an additional 49,041 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of EverCommerce during the 3rd quarter valued at $418,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Canaccord Genuity Group increased their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. Finally, Barclays increased 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. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, EverCommerce presently has an average rating of “Hold” and an average price target of $11.00.

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.