EverCommerce (NASDAQ:EVCM) Director Sells 23,824 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) Director Eric Richard Remer sold 23,824 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $9.21, for a total transaction of $219,419.04. Following the transaction, the director directly owned 5,323,278 shares in the company, valued at $49,027,390.38. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Tuesday, September 1st, Eric Richard 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 Richard Remer sold 40,906 shares of EverCommerce stock. The shares were sold at an average price of $8.91, for a total value of $364,472.46.
  • On Thursday, August 27th, Eric Richard 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 Richard Remer sold 21,821 shares of EverCommerce stock. The stock was sold at an average price of $8.98, for a total value 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 value 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 value 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 value of $159,877.26.
  • On Thursday, August 20th, Eric Richard Remer sold 26,530 shares of EverCommerce stock. The shares were sold at an average price of $9.78, for a total value 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 stock was sold at an average price of $10.01, for a total transaction of $291,481.19.

EverCommerce Price Performance

EVCM stock traded down $0.80 during mid-day trading on Tuesday, hitting $8.07. The stock had a trading volume of 221,206 shares, compared to its average volume of 145,913. 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 52 week low of $7.66 and a 52 week high of $14.41. The firm has a market capitalization of $1.43 billion, a P/E ratio of 44.83, a P/E/G ratio of 0.90 and a beta of 0.91. The firm has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $10.68.

EverCommerce (NASDAQ:EVCMGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The firm had revenue of $152.02 million during the quarter, compared to analyst estimates of $152.29 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. EverCommerce’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current year.

Institutional Trading of EverCommerce

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of EverCommerce during the second quarter worth about $10,724,000. CoreCap Advisors LLC bought a new position in EverCommerce in the 2nd quarter valued at approximately $2,716,000. Goldman Sachs Group Inc. boosted its position in EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares during the period. Lazard Asset Management LLC boosted its position in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares during the period. Finally, Zacks Investment Management bought a new stake in EverCommerce during the 3rd quarter worth approximately $418,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on EVCM. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Barclays boosted their price target on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a report on Friday, August 21st. Three 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. According to data from MarketBeat, EverCommerce has a consensus rating of “Hold” and an average target price of $11.00.

Read Our Latest Stock Analysis on EVCM

About EverCommerce

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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