Eric Richard Remer Sells 5,313 Shares of EverCommerce (NASDAQ:EVCM) Stock

Key Points

• Director Eric Remer sold 5,313 EverCommerce shares at an average price of $8.03, generating $42,663.39. He retained 5,017,479 shares, and the sale was part of a broader series of recent insider sales.
• EverCommerce shares declined 0.1% to $7.92, near the company’s 52-week low of $7.66. The stock is below its 50-day and 200-day moving averages.
• The company’s latest quarterly results missed analyst expectations on earnings, reporting $0.05 per share versus a $0.15 consensus estimate, while revenue rose 2.7% year over year. Analysts maintain an average “Hold” rating with an average price target of $11.00.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) Director Eric Remer sold 5,313 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 5,017,479 shares in the company, valued at $40,290,356.37. This represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The shares were 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 transaction 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 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 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 transaction 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 shares were 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 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.

EverCommerce Trading Down 0.1%

Shares of EVCM traded down $0.01 during mid-day trading on Friday, hitting $7.92. 162,412 shares of the company's stock traded hands, compared to its average volume of 145,987. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.40 billion, a P/E ratio of 44.00, a PEG ratio of 0.77 and a beta of 0.84. The business's 50-day moving average price is $10.43 and its 200-day moving average price is $10.63. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly 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). The business had revenue of $152.02 million during the quarter, compared to analysts' expectations of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business's revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. As a group, sell-side analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new position in EverCommerce during the 2nd quarter valued at about $2,716,000. Bank of America Corp DE purchased a new stake in EverCommerce in the second quarter worth about $125,000. Barclays PLC increased its stake in shares of EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company's stock valued at $277,000 after purchasing an additional 1,101 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company's stock valued at $198,000 after purchasing an additional 7,085 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of EverCommerce during the fourth quarter valued at approximately $177,000. 97.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their target price 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. Royal Bank Of Canada lowered their price objective on shares of EverCommerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, August 6th. Canaccord Genuity Group upped their target price on EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Wall Street Zen lowered EverCommerce from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 14th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $14.00 target price on shares of EverCommerce in a research note 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 company's stock. According to data from MarketBeat, EverCommerce currently has an average rating of "Hold" and an average 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.

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