EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 6,354 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 6,354 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $8.07, for a total value of $51,276.78. Following the completion of the sale, the director owned 5,011,125 shares of the company’s stock, valued at approximately $40,439,778.75. This represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The stock was sold at an average price of $8.02, for a total transaction of $24,035.94.
• On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The stock was sold at an average price of $8.03, for a total transaction of $42,663.39.
• On Tuesday, September 1st, Eric Remer sold 47,353 shares of EverCommerce stock. The shares were sold at an average price of $8.24, for a total value of $390,188.72.
• On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The shares were sold at an average price of $8.91, for a total transaction of $364,472.46.
• On Friday, August 28th, Eric 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 Remer sold 14,594 shares of EverCommerce stock. The shares were sold at an average price of $9.24, for a total value of $134,848.56.
• On Wednesday, August 26th, Eric 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 Remer sold 20,710 shares of EverCommerce stock. The stock was sold at an average price of $9.13, for a total value of $189,082.30.
• On Monday, August 24th, Eric 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 Remer sold 16,602 shares of EverCommerce stock. The stock was sold at an average price of $9.63, for a total transaction of $159,877.26.

EverCommerce Trading Down 0.1%

Shares of EverCommerce stock opened at $7.92 on Friday. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.40 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. The company has a 50-day moving average of $10.40 and a two-hundred day moving average of $10.61.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results 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 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 analysts’ expectations of $152.29 million. During the same period last year, the firm earned $0.04 EPS. EverCommerce’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new position in EverCommerce during the second quarter worth about $2,716,000. BlackRock Inc. acquired a new position in shares of EverCommerce during the 2nd quarter valued at about $10,724,000. Los Angeles Capital Management LLC lifted its holdings 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 worth $749,000 after acquiring an additional 34,979 shares during the period. XTX Topco Ltd grew its holdings in EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after purchasing an additional 27,224 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after purchasing an additional 49,041 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group upped their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada lowered 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. Wall Street Zen raised EverCommerce from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Finally, Barclays lifted their price objective on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.