EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Remer sold 5,313 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $8.03, for a total transaction of $42,663.39. Following the completion of the sale, the director directly owned 5,017,479 shares of the company’s stock, valued at $40,290,356.37. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Eric Richard Remer also recently made the following trade(s):
- On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The stock was sold at an average price of $8.02, for a total transaction of $24,035.94.
- On Thursday, September 3rd, Eric Remer sold 6,354 shares of EverCommerce stock. The stock was sold at an average price of $8.07, for a total value of $51,276.78.
- 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 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 value of $364,472.46.
- 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 value 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 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 shares were 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 stock was sold at an average price of $9.63, for a total value of $159,877.26.
EverCommerce Price Performance
Shares of NASDAQ:EVCM opened at $7.92 on Friday. The company’s 50-day moving average is $10.40 and its 200 day moving average is $10.61. 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 company has a market capitalization of $1.40 billion, a P/E ratio of 44.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41.
Key EverCommerce News
Here are the key news stories impacting EverCommerce this week:
- Positive Sentiment: Wall Street Zen upgraded EverCommerce (EVCM) to a “Strong Buy” rating, which may support the stock by signaling confidence in its valuation and future performance. EverCommerce upgraded to Strong Buy by Wall Street Zen
- Positive Sentiment: Institutional ownership remains high at approximately 97.9%, with BlackRock and CoreCap Advisors establishing new positions and Goldman Sachs significantly increasing its stake. These investments may provide some support for EVCM. Institutional investors and insider trading activity
- Neutral Sentiment: Analyst sentiment is mixed: EVCM has three Buy, five Hold and two Sell ratings, with an average price target of $11.00, above recent trading levels. However, RBC lowered its target to $10.00 and Barclays maintained an Underweight rating. EverCommerce analyst ratings
- Negative Sentiment: Director Eric Remer sold another 2,997 shares for about $24,000 on September 4, following sales of 6,354 shares on September 3 and 5,313 shares on September 2. The broader disclosed series shows more than 214,000 shares sold since August 21, although Remer still owns roughly 5.0 million shares. Continued insider selling can pressure investor confidence. EverCommerce director stock sales
- Negative Sentiment: EverCommerce’s latest quarterly results showed adjusted earnings of $0.05 per share, well below the $0.15 consensus estimate, while revenue was essentially in line at $152.02 million and grew only 2.7% year over year. The earnings shortfall remains a key concern for investors. EverCommerce quarterly earnings results
Hedge Funds Weigh In On EverCommerce
A number of large investors have recently modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in EverCommerce in the 2nd quarter worth approximately $2,716,000. BlackRock Inc. purchased a new position in shares of EverCommerce during the 2nd quarter valued at $10,724,000. Quantinno Capital Management LP grew its position in shares of EverCommerce by 117.7% during the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after purchasing an additional 26,109 shares in the last quarter. Zacks Investment Management bought a new position in shares of EverCommerce in the third quarter worth $418,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of EverCommerce in the second quarter worth $302,000. 97.91% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
EVCM has been the topic of a number of research reports. Barclays lifted their price target on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada lowered their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised EverCommerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Finally, Canaccord Genuity Group lifted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.00.
View Our Latest Report on EVCM
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.
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