EverCommerce (NASDAQ:EVCM) Director Eric Richard Remer Sells 14,594 Shares of Stock

Key Points

• Director Eric Richard Remer sold 14,594 EverCommerce shares at an average price of $9.24, generating $134,848.56. He retained 5.35 million shares, and the transaction reduced his ownership by 0.27%.
• The sale was part of a broader series of insider transactions, with Remer selling shares on 10 consecutive listed dates and disposing of more than 210,000 shares in total.
• EverCommerce shares traded at $9.34, while analysts held a consensus “Hold” rating with an $11 price target. The company’s latest quarterly EPS of $0.05 missed the $0.15 consensus estimate, although revenue rose 2.7% year over year.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) Director Eric Richard Remer sold 14,594 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $9.24, for a total value of $134,848.56. Following the transaction, the director directly owned 5,347,102 shares in the company, valued at $49,407,222.48. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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 value of $244,795.74.

EverCommerce Stock Performance

Shares of EverCommerce stock traded up $0.32 on Thursday, hitting $9.34. The stock had a trading volume of 87,095 shares, compared to its average volume of 145,804. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The business's 50 day moving average is $10.46 and its two-hundred day moving average is $10.71. 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 twelve month low of $7.66 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly 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). The firm had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. Analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EVCM. Bank of America Corp DE acquired a new position in EverCommerce during the second quarter valued at approximately $125,000. Prudential Financial Inc. boosted its holdings in shares of EverCommerce by 9.6% in the 2nd 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 acquired a new stake in shares of EverCommerce in the 2nd quarter valued at $144,000. Oxford Asset Management LLP bought a new position in shares of EverCommerce in the 2nd quarter valued at $168,000. Finally, BNP Paribas Financial Markets increased its stake in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company's stock valued at $171,000 after purchasing an additional 13,734 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on EVCM shares. Wall Street Zen lowered shares of EverCommerce from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 14th. Royal Bank Of Canada reduced their price target 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. Weiss Ratings restated a "hold (c-)" rating on shares of EverCommerce in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Finally, Barclays increased their target price on EverCommerce from $8.50 to $10.00 and gave the stock an "underweight" rating in a report on Thursday, August 6th. Three investment 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. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of "Hold" and a consensus price target 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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