EverCommerce (NASDAQ:EVCM) Director Sells $189,082.30 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 20,710 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $9.13, for a total transaction of $189,082.30. Following the completion of the sale, the director owned 5,383,517 shares of the company’s stock, valued at approximately $49,151,510.21. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, August 27th, Eric Richard Remer sold 14,594 shares of EverCommerce stock. The stock was sold at an average price of $9.24, for a total value 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 Monday, August 24th, Eric Richard 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 Richard Remer sold 16,602 shares of EverCommerce stock. The stock was 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 value 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 value of $212,685.21.
• On Tuesday, August 18th, Eric Richard 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.
• 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 value of $240,188.41.
• On Thursday, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total value of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $244,795.74.

EverCommerce Trading Down 1.5%

Shares of EVCM stock opened at $9.20 on Friday. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 51.11, a P/E/G ratio of 0.90 and a beta of 0.91. 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 firm has a fifty day moving average of $10.47 and a 200-day moving average of $10.68.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). The business had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. EverCommerce’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. On average, equities research analysts forecast that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

Several hedge funds have recently modified their holdings of EVCM. CoreCap Advisors LLC bought a new position in shares of EverCommerce in the second quarter valued at approximately $2,716,000. Bank of America Corp DE acquired a new position in EverCommerce in the second quarter worth $125,000. Barclays PLC grew its holdings in shares of EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce in the fourth quarter valued at $177,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EVCM shares. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Barclays boosted their price target on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, EverCommerce has a consensus rating of “Hold” and an average target price of $11.00.

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.