EverCommerce (NASDAQ:EVCM) Director Sells $219,419.04 in Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 23,824 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $9.21, for a total transaction of $219,419.04. Following the transaction, the director directly owned 5,323,278 shares in the company, valued at approximately $49,027,390.38. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 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 shares were sold at an average price of $8.91, for a total transaction of $364,472.46.
• 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 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 shares were 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 value of $133,731.18.
• On Friday, August 21st, Eric 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 Remer sold 26,530 shares of EverCommerce stock. The stock was sold at an average price of $9.78, for a total transaction 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 transaction 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

EVCM opened at $7.93 on Friday. The business has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 0.77 and a beta of 0.84.

EverCommerce (NASDAQ:EVCM) last posted 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). The company had revenue of $152.02 million during 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. Sell-side analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVCM has been the subject of several analyst reports. Canaccord Genuity Group boosted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Barclays raised 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 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of EverCommerce during the second quarter worth about $10,724,000. CoreCap Advisors LLC acquired a new stake in shares of EverCommerce in the 2nd quarter valued at about $2,716,000. JPMorgan Chase & Co. boosted its position in shares of EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the period. Goldman Sachs Group Inc. grew its stake in EverCommerce by 94.7% during 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 during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in EverCommerce by 111.6% during the fourth 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 during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.