EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 40,906 Shares

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 40,906 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $8.91, for a total value of $364,472.46. Following the transaction, the director directly owned 5,070,145 shares in the company, valued at approximately $45,174,991.95. This trade represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Tuesday, September 1st, Eric Richard Remer sold 47,353 shares of EverCommerce stock. The shares were sold at an average price of $8.24, for a total transaction of $390,188.72.
• On Friday, August 28th, Eric Richard Remer sold 23,824 shares of EverCommerce stock. The shares were 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 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 Tuesday, August 25th, Eric Richard Remer sold 20,710 shares of EverCommerce stock. The stock was 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 transaction 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 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 shares were 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.

EverCommerce Price Performance

EverCommerce stock opened at $8.07 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. The stock has a market capitalization of $1.43 billion, a P/E ratio of 44.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.84. The stock has a fifty day moving average of $10.46 and a 200-day moving average of $10.66.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same period in the previous year, the company earned $0.04 EPS. EverCommerce’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVCM. Barclays PLC lifted its holdings in EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after buying an additional 1,101 shares during the period. California State Teachers Retirement System lifted its stake 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 worth $197,000 after acquiring an additional 1,187 shares during the period. Prudential Financial Inc. increased its position in EverCommerce by 9.6% during the 2nd 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 during the period. American Century Companies Inc. raised its holdings in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after purchasing an additional 4,576 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the period. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on EVCM shares. 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. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a report 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 note on Monday, May 11th. Barclays raised their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. 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 given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.