EverCommerce (NASDAQ:EVCM) Director Sells $24,035.94 in Stock

Key Points

• EverCommerce director Eric Remer sold 2,997 shares at an average price of $8.02, totaling $24,035.94. He retained 5,008,128 shares after the transaction.
• Remer has conducted a series of sales since August 21, selling tens of thousands of shares in multiple transactions as the stock price declined.
• EverCommerce shares traded at $7.92, near their 52-week low of $7.66 and below their 50- and 200-day moving averages. The company recently missed quarterly EPS estimates, while analysts maintain a consensus “Hold” rating and an $11 price target.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) Director Eric Remer sold 2,997 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $8.02, for a total transaction of $24,035.94. Following the completion of the sale, the director owned 5,008,128 shares in the company, valued at approximately $40,165,186.56. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The stock was sold at an average price of $8.03, for a total transaction of $42,663.39.
• 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 stock was 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 transaction 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 Price Performance

Shares of NASDAQ EVCM traded down $0.01 during mid-day trading on Friday, reaching $7.92. The company had a trading volume of 162,412 shares, compared to its average volume of 145,987. The company has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $10.63. The stock has a market cap of $1.40 billion, a PE ratio of 44.00, a P/E/G ratio of 0.77 and a beta of 0.84. 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 1-year low of $7.66 and a 1-year 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 for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). The company had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. On average, equities analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of hedge funds have recently made changes to their positions in EVCM. JPMorgan Chase & Co. grew its position in EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock valued at $1,107,000 after purchasing an additional 11,996 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock valued at $290,000 after buying an additional 4,576 shares during the period. Prudential Financial Inc. grew its holdings in shares of 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 acquiring an additional 1,190 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of EverCommerce during the 2nd quarter valued at $302,000. Finally, Lazard Asset Management LLC increased its stake in shares of EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after acquiring an additional 49,041 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Royal Bank Of Canada lowered their price objective on shares of EverCommerce from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 6th. Canaccord Genuity Group boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Wall Street Zen lowered EverCommerce from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 14th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of EverCommerce in a research report on Friday, August 21st. 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 stock. According to MarketBeat, the company currently 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.

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