EverCommerce (NASDAQ:EVCM) Director Sells $364,472.46 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 40,906 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $8.91, for a total value of $364,472.46. Following the sale, the director owned 5,070,145 shares in the company, valued at approximately $45,174,991.95. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 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 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 stock was 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 shares were 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 stock was 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 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 shares were sold at an average price of $9.63, for a total value of $159,877.26.
• On Thursday, August 20th, Eric 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 Remer sold 20,913 shares of EverCommerce stock. The stock was sold at an average price of $10.17, for a total value of $212,685.21.
• On Tuesday, August 18th, Eric Remer sold 29,119 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value of $291,481.19.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM opened at $7.93 on Friday. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a market capitalization of $1.40 billion, a PE ratio of 44.06, a PEG ratio of 0.77 and a beta of 0.84. The business has a 50 day moving average of $10.43 and a two-hundred day moving average of $10.63. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm had revenue of $152.02 million for 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%.EverCommerce’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. As a group, analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on EVCM. Royal Bank Of Canada cut their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Canaccord Genuity Group increased 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Trading of EverCommerce

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its stake in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after buying an additional 1,101 shares in the last quarter. California State Teachers Retirement System raised its holdings 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 acquiring an additional 1,187 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares during the last quarter. American Century Companies Inc. lifted its position in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after acquiring an additional 4,576 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.