EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 13,974 Shares

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 13,974 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $9.57, for a total transaction of $133,731.18. Following the transaction, the director directly owned 5,404,227 shares in the company, valued at approximately $51,718,452.39. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 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 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 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.
• 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 value 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 transaction of $159,299.55.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $9.55 on Tuesday. The company has a market cap of $1.69 billion, a PE ratio of 53.06, a P/E/G ratio of 0.94 and a beta of 0.91. The firm has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $10.73. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. 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 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 company had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in EverCommerce during the second quarter valued at about $10,724,000. CoreCap Advisors LLC bought a new stake in EverCommerce in the second quarter worth about $2,716,000. JPMorgan Chase & Co. lifted its holdings in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after acquiring an additional 50,854 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after purchasing an additional 34,979 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EVCM. Royal Bank Of Canada reduced their price target on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Wall Street Zen lowered 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 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 company’s stock. According to data from MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and a consensus 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.