Eric Richard Remer Sells 23,824 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 23,824 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $9.21, for a total value of $219,419.04. Following the completion of the sale, the director directly owned 5,323,278 shares of the company’s stock, valued at approximately $49,027,390.38. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $390,188.72.
• On Monday, August 31st, Eric Richard 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 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 transaction of $134,848.56.
• On Wednesday, August 26th, Eric Richard 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 Richard 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 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 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 shares were sold at an average price of $10.01, for a total value of $291,481.19.

EverCommerce Price Performance

EverCommerce stock opened at $7.93 on Thursday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 0.79 and a beta of 0.84. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. 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 moving average price is $10.44 and its two-hundred day moving average price is $10.65.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data 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). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of EverCommerce by 149.3% in the second quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock valued at $197,000 after purchasing an additional 1,187 shares during the last quarter. Bank of America Corp DE bought a new stake in EverCommerce in the 2nd quarter worth about $125,000. BlackRock Inc. purchased a new stake in EverCommerce in the 2nd quarter valued at about $10,724,000. Deutsche Bank AG purchased a new stake in EverCommerce in the 2nd quarter valued at about $144,000. Finally, Bank of New York Mellon Corp bought a new position in shares of EverCommerce during the 2nd quarter worth approximately $324,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EVCM has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Canaccord Genuity Group upped their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Finally, Royal Bank Of Canada decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.