EverCommerce (NASDAQ:EVCM) Director Sells $240,188.41 in Stock

Key Points

• EverCommerce director Eric Richard Remer sold 23,947 shares at an average price of $10.03, totaling $240,188.41. He retained 5.51 million shares, while recent filings show a broader series of insider sales.
• EverCommerce shares fell 1.8% to $9.98, near the company’s 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.05, missing the $0.15 analyst consensus, while revenue rose 2.7% year over year to $152.02 million.
• Analysts maintain a consensus “Hold” rating with an average price target of $11.00; three analysts rate the stock Buy, five Hold, and two Sell.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) Director Eric Richard Remer sold 23,947 shares of EverCommerce stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $10.03, for a total transaction of $240,188.41. Following the sale, the director directly owned 5,511,365 shares of the company's stock, valued at $55,278,990.95. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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.
• 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 value 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 value 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 value 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 shares were sold at an average price of $12.07, for a total value of $126,626.37.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total value of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total value of $206,784.00.

EverCommerce Stock Down 1.8%

NASDAQ:EVCM traded down $0.18 during mid-day trading on Tuesday, reaching $9.98. The company's stock had a trading volume of 112,529 shares, compared to its average volume of 147,028. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock has a fifty day moving average of $10.39 and a 200-day moving average of $10.80. The firm has a market capitalization of $1.76 billion, a PE ratio of 55.44, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The business had revenue of $152.02 million for the quarter, compared to analysts' expectations of $152.29 million. During the same period last year, the business posted $0.04 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in EVCM. Bank of America Corp DE purchased a new stake in shares of EverCommerce during the 2nd quarter valued at $125,000. Prudential Financial Inc. increased its position in EverCommerce by 9.6% during the 2nd 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 position in EverCommerce during the 2nd quarter valued at about $144,000. Oxford Asset Management LLP purchased a new stake in EverCommerce in the second quarter valued at about $168,000. Finally, BNP Paribas Financial Markets boosted its holdings in EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company's stock worth $171,000 after acquiring an additional 13,734 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of analyst reports. Weiss Ratings downgraded EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Royal Bank Of Canada dropped their price objective on EverCommerce from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 6th. Barclays lifted their target price on EverCommerce from $8.50 to $10.00 and gave the company an "underweight" rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.

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