Insider Selling: EverCommerce (NASDAQ:EVCM) Director Sells $159,877.26 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 16,602 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $9.63, for a total transaction of $159,877.26. Following the completion of the transaction, the director owned 5,418,201 shares of the company’s stock, valued at approximately $52,177,275.63. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $133,731.18.
• 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 transaction 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 stock was 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 value 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 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 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 value 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 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.

EverCommerce Stock Up 0.7%

EverCommerce stock opened at $9.02 on Thursday. The business has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $10.71. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The stock has a market capitalization of $1.59 billion, a PE ratio of 50.11, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14.

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 company had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EVCM has been the subject of a number of research analyst reports. Barclays increased their target price on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Royal Bank Of Canada lowered their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Finally, Canaccord Genuity Group boosted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EVCM. California State Teachers Retirement System grew its holdings in shares of EverCommerce by 149.3% in the second quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock valued at $197,000 after purchasing an additional 1,187 shares during the period. Bank of America Corp DE acquired a new position in EverCommerce in the 2nd quarter valued at about $125,000. BlackRock Inc. purchased a new stake in shares of EverCommerce in the 2nd quarter valued at approximately $10,724,000. Deutsche Bank AG acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $144,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $324,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.