Eric Richard Remer Sells 47,353 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 47,353 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $8.24, for a total value of $390,188.72. Following the completion of the sale, the director owned 5,022,792 shares in the company, valued at $41,387,806.08. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 31st, Eric Richard 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 Richard 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 Richard 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 Richard Remer sold 21,821 shares of EverCommerce stock. The stock was sold at an average price of $8.98, for a total transaction of $195,952.58.
• On Tuesday, August 25th, Eric Richard 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 Richard Remer sold 13,974 shares of EverCommerce stock. The stock was 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 stock was 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 shares were 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 value of $212,685.21.
• On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $291,481.19.

EverCommerce Stock Down 1.7%

EVCM stock opened at $7.93 on Thursday. The stock has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $10.65. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The firm has a market capitalization of $1.40 billion, a PE ratio of 44.06, a PEG ratio of 0.79 and a beta of 0.84. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results 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 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 company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities analysts predict that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently added to or reduced their stakes in EVCM. JPMorgan Chase & Co. increased its position in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the last quarter. American Century Companies Inc. lifted its position in EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after buying an additional 4,576 shares during the last quarter. Prudential Financial Inc. lifted its position in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in EverCommerce in the second quarter worth approximately $302,000. Finally, Lazard Asset Management LLC grew 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 acquiring an additional 49,041 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of EverCommerce in a report on Friday, August 21st. Canaccord Genuity Group boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Barclays raised their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.