EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Remer sold 2,997 shares of EverCommerce stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $8.02, for a total transaction of $24,035.94. Following the sale, the director owned 5,008,128 shares in the company, valued at $40,165,186.56. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, September 3rd, Eric Remer sold 6,354 shares of EverCommerce stock. The shares were 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 shares were 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $9.63, for a total value of $159,877.26.
EverCommerce Price Performance
Shares of NASDAQ EVCM opened at $7.92 on Friday. 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 fifty-two week low of $7.66 and a fifty-two week high of $14.41. The business has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $10.61. The firm has a market cap of $1.40 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in EverCommerce by 149.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock worth $197,000 after buying an additional 1,187 shares in the last quarter. Bank of America Corp DE acquired a new stake in EverCommerce in the second quarter worth approximately $125,000. Prudential Financial Inc. boosted its stake 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 purchasing an additional 1,190 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of EverCommerce during the 2nd quarter valued at $144,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of EverCommerce during the 4th quarter valued at $177,000. Institutional investors own 97.91% of the company’s stock.
Analyst Ratings Changes
EVCM has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped 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. Barclays lifted their price target on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of EverCommerce in a report on Friday, August 21st. Finally, Wall Street Zen raised EverCommerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.00.
Check Out Our Latest Research Report on EVCM
Key Headlines Impacting EverCommerce
Here are the key news stories impacting EverCommerce this week:
- Positive Sentiment: Wall Street Zen upgraded EverCommerce (EVCM) to a “Strong Buy” rating, which may support the stock by signaling confidence in its valuation and future performance. EverCommerce upgraded to Strong Buy by Wall Street Zen
- Positive Sentiment: Institutional ownership remains high at approximately 97.9%, with BlackRock and CoreCap Advisors establishing new positions and Goldman Sachs significantly increasing its stake. These investments may provide some support for EVCM. Institutional investors and insider trading activity
- Neutral Sentiment: Analyst sentiment is mixed: EVCM has three Buy, five Hold and two Sell ratings, with an average price target of $11.00, above recent trading levels. However, RBC lowered its target to $10.00 and Barclays maintained an Underweight rating. EverCommerce analyst ratings
- Negative Sentiment: Director Eric Remer sold another 2,997 shares for about $24,000 on September 4, following sales of 6,354 shares on September 3 and 5,313 shares on September 2. The broader disclosed series shows more than 214,000 shares sold since August 21, although Remer still owns roughly 5.0 million shares. Continued insider selling can pressure investor confidence. EverCommerce director stock sales
- Negative Sentiment: EverCommerce’s latest quarterly results showed adjusted earnings of $0.05 per share, well below the $0.15 consensus estimate, while revenue was essentially in line at $152.02 million and grew only 2.7% year over year. The earnings shortfall remains a key concern for investors. EverCommerce quarterly earnings results
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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