EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 47,353 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 47,353 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $8.24, for a total value of $390,188.72. Following the sale, the director owned 5,022,792 shares of the company’s stock, valued at $41,387,806.08. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Monday, August 31st, Eric Richard 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 Richard 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 Richard 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 Richard Remer sold 21,821 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $9.13, for a total value 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 value of $133,731.18.
• On Friday, August 21st, Eric Richard Remer sold 16,602 shares of EverCommerce stock. The shares were 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 transaction 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 stock was sold at an average price of $10.01, for a total transaction of $291,481.19.

EverCommerce Trading Down 9.0%

Shares of EverCommerce stock opened at $8.07 on Wednesday. The company has a 50-day moving average of $10.46 and a two-hundred day moving average of $10.66. 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 $1.43 billion, a PE ratio of 44.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.84.

EverCommerce (NASDAQ:EVCM) last released 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). The firm had revenue of $152.02 million during 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 earned $0.04 EPS. On average, research analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on EVCM shares. Barclays boosted their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their price target on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Finally, Canaccord Genuity Group raised their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVCM. BlackRock Inc. acquired a new position in EverCommerce in the second quarter valued at $10,724,000. CoreCap Advisors LLC acquired a new stake in shares of EverCommerce in the second quarter worth approximately $2,716,000. JPMorgan Chase & Co. grew its holdings in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after buying an additional 50,854 shares during the period. Finally, Los Angeles Capital Management LLC increased 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 buying an additional 34,979 shares during the last quarter. Hedge funds and other 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.