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

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 40,906 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $8.91, for a total transaction of $364,472.46. Following the completion of the sale, the director owned 5,070,145 shares of the company’s stock, 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 through 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 Richard Remer sold 47,353 shares of EverCommerce stock. The stock was sold at an average price of $8.24, for a total value of $390,188.72.
• 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 value 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 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 Tuesday, August 25th, Eric Richard 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 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 value of $259,463.40.
• On Wednesday, August 19th, Eric Richard 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 Richard Remer sold 29,119 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $291,481.19.

EverCommerce Trading Down 9.0%

Shares of EVCM stock traded down $0.80 on Tuesday, hitting $8.07. 221,206 shares of the stock traded hands, compared to its average volume of 145,913. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The firm’s 50-day moving average price is $10.47 and its two-hundred day moving average price is $10.68. The stock has a market capitalization of $1.43 billion, a PE ratio of 44.83, a PEG ratio of 0.90 and a beta of 0.91.

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

Analysts Set New Price Targets

Several analysts have recently commented on EVCM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Royal Bank Of Canada lowered their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Canaccord Genuity Group raised their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Finally, Barclays increased their price target on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, EverCommerce presently has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Trading of EverCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. California State Teachers Retirement System lifted its stake in EverCommerce by 149.3% during the second quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock worth $197,000 after purchasing an additional 1,187 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of EverCommerce during the second quarter worth $125,000. Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of EverCommerce in the second quarter valued at $144,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of EverCommerce in the 4th quarter valued at $177,000. 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.