Insider Selling: EverCommerce (NASDAQ:EVCM) Director Sells $24,035.94 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 2,997 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $8.02, for a total transaction of $24,035.94. Following the transaction, the director owned 5,008,128 shares in the company, valued at $40,165,186.56. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 3rd, Eric Remer sold 6,354 shares of EverCommerce stock. The shares were sold at an average price of $8.07, for a total transaction of $51,276.78.
• On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $8.24, for a total transaction 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 transaction of $364,472.46.
• On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $9.57, for a total value 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.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM opened at $7.92 on Monday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 0.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The stock’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $10.61. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that EverCommerce Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank Of Canada reduced their target price 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. Canaccord Genuity Group boosted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Barclays upped their price objective on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, August 6th. Wall Street Zen raised EverCommerce from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of EVCM. BlackRock Inc. bought a new stake in shares of EverCommerce during the 2nd quarter valued at $10,724,000. CoreCap Advisors LLC bought a new position in EverCommerce in the 2nd quarter worth $2,716,000. JPMorgan Chase & Co. increased its stake in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in EverCommerce by 111.6% in 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 in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

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.