EverCommerce (NASDAQ:EVCM) Director Sells $42,663.39 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 5,313 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $8.03, for a total transaction of $42,663.39. Following the transaction, the director directly owned 5,017,479 shares of the company’s stock, valued at $40,290,356.37. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The shares were sold at an average price of $8.02, for a total value of $24,035.94.
• On Thursday, September 3rd, Eric Remer sold 6,354 shares of EverCommerce stock. The stock was sold at an average price of $8.07, for a total value of $51,276.78.
• 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 stock was sold at an average price of $8.91, for a total value 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 value 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 transaction 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 transaction of $195,952.58.
• On Tuesday, August 25th, Eric 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 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 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 Stock Performance

EverCommerce stock opened at $7.92 on Monday. The company’s 50-day moving average price is $10.40 and its 200-day moving average price is $10.61. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month 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. The company 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.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (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 business had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised EverCommerce from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Royal Bank Of Canada decreased their price target on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Barclays raised their price target on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.00.

Institutional Trading of EverCommerce

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

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.