EverCommerce (NASDAQ:EVCM) Director Sells $189,082.30 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 20,710 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $9.13, for a total value of $189,082.30. Following the sale, the director owned 5,383,517 shares in the company, valued at approximately $49,151,510.21. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 27th, Eric Richard Remer sold 14,594 shares of EverCommerce stock. The stock was sold at an average price of $9.24, for a total value 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 value of $195,952.58.
• 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 shares were 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 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 transaction of $291,481.19.
• 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 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 transaction 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 transaction of $244,795.74.

EverCommerce Trading Up 3.5%

Shares of EVCM stock traded up $0.32 during trading hours on Thursday, reaching $9.34. 87,095 shares of the stock were exchanged, compared to its average volume of 145,804. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company’s 50-day moving average price is $10.46 and its 200-day moving average price is $10.71. 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 (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm had revenue of $152.02 million during the quarter, compared to analysts’ expectations of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. As a group, equities analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Royal Bank Of Canada cut their price target on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, EverCommerce has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of EverCommerce in the 2nd quarter worth $125,000. Prudential Financial Inc. boosted its position in EverCommerce by 9.6% during 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 purchased a new position in EverCommerce in the second quarter valued at about $144,000. Oxford Asset Management LLP purchased a new position in EverCommerce in the second quarter valued at about $168,000. Finally, BNP Paribas Financial Markets raised its holdings in EverCommerce by 863.2% in the third 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.