Insider Selling: EverCommerce (NASDAQ:EVCM) Director Sells $240,188.41 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 23,947 shares of EverCommerce stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $10.03, for a total transaction of $240,188.41. Following the completion of the sale, the director owned 5,511,365 shares of the company’s stock, valued at $55,278,990.95. This trade represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 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 shares were 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 shares were sold at an average price of $11.85, for a total value 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 transaction of $126,626.37.

EverCommerce Trading Down 4.3%

NASDAQ EVCM opened at $9.68 on Friday. The firm has a market capitalization of $1.71 billion, a PE ratio of 53.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The business’s 50-day moving average price is $10.43 and its two-hundred day moving average price is $10.76. 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 12 month low of $7.66 and a 12 month high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its earnings results 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). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The firm had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. During the same period in the prior year, the business earned $0.04 EPS. EverCommerce’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new stake in EverCommerce during the second quarter worth about $2,716,000. Barclays PLC raised its position in EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after acquiring an additional 1,101 shares during the period. Wells Fargo & Company MN boosted its stake in EverCommerce by 76.8% in 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 bought a new position in shares of EverCommerce during the 4th quarter valued at approximately $177,000. Finally, BNP Paribas Financial Markets grew its position 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 valued at $171,000 after acquiring an additional 13,734 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EVCM shares. Royal Bank Of Canada cut their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Barclays upped their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three 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 stock. According to data from MarketBeat.com, the stock currently 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.