Eric Richard Remer Sells 20,913 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Richard Remer sold 20,913 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $10.17, for a total transaction of $212,685.21. Following the completion of the sale, the director directly owned 5,461,333 shares of the company’s stock, valued at approximately $55,541,756.61. The trade was a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction of $259,463.40.
• 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 transaction 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 transaction 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 transaction of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $244,795.74.
• On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total transaction of $249,742.28.
• On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The shares were sold at an average price of $11.83, for a total value of $68,105.31.
• On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was sold at an average price of $11.97, for a total value of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total value of $126,626.37.

EverCommerce Price Performance

NASDAQ EVCM traded down $0.43 during midday trading on Thursday, hitting $9.68. The company had a trading volume of 116,099 shares, compared to its average volume of 146,864. The firm has a 50-day moving average price of $10.43 and a 200-day moving average price of $10.77. The company has a market capitalization of $1.71 billion, a PE ratio of 53.78, a P/E/G ratio of 0.97 and a beta of 0.91. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its earnings results 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 company had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. During the same period last year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new position in EverCommerce in the second quarter valued at about $125,000. Prudential Financial Inc. boosted its stake in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of EverCommerce during the second quarter worth about $144,000. Oxford Asset Management LLP bought a new stake in shares of EverCommerce during the second quarter worth about $168,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EVCM. Canaccord Genuity Group raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Barclays lifted their price objective on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.00.

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.