EverCommerce (NASDAQ:EVCM) Director Sells $259,463.40 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 26,530 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $9.78, for a total transaction of $259,463.40. Following the completion of the sale, the director directly owned 5,434,803 shares in the company, valued at $53,152,373.34. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• 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 transaction 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 transaction of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction 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 transaction of $249,742.28.
• On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The shares were 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.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were sold at an average price of $11.97, for a total value of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total value of $126,626.37.

EverCommerce Price Performance

Shares of EverCommerce stock traded down $0.43 during midday trading on Thursday, hitting $9.68. 116,099 shares of the company were exchanged, compared to its average volume of 146,864. The firm has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $10.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $1.71 billion, a P/E ratio of 53.78, a PEG ratio of 0.97 and a beta of 0.91. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced 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). 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 quarter last year, the company earned $0.04 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Research analysts forecast that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVCM. BlackRock Inc. bought a new position in shares of EverCommerce in the second quarter worth about $10,724,000. CoreCap Advisors LLC bought a new stake in shares of EverCommerce during the second quarter valued at approximately $2,716,000. Goldman Sachs Group Inc. grew its stake in shares of EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after purchasing an additional 50,854 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of 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 in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of EverCommerce in the third quarter valued at approximately $418,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EVCM. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Barclays boosted their price target on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Canaccord Genuity Group lifted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada reduced 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. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.00.

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.