Key Points
- EverCommerce Director Eric Remer sold 2,997 shares at an average price of $8.02, generating $24,035.94. He retained 5,008,128 shares valued at approximately $40.2 million.
- Remer has conducted a series of sales since August 21, totaling more than 200,000 shares, while EverCommerce stock traded near $7.92—close to its one-year low of $7.66 and below its 50-day and 200-day moving averages.
- EverCommerce missed quarterly EPS expectations, reporting $0.05 versus the $0.15 consensus, while revenue reached $152.02 million. Analysts maintain an overall “Hold” rating with an average price target of $11.00.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) Director Eric Remer sold 2,997 shares of the 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 transaction, the director directly owned 5,008,128 shares in the company, valued at $40,165,186.56. The trade was a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 value 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 value 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 value 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 value of $364,472.46.
- On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The shares were sold at an average price of $9.21, for a total value 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 value of $134,848.56.
- On Wednesday, August 26th, Eric 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 Remer sold 20,710 shares of EverCommerce stock. The stock was sold at an average price of $9.13, for a total transaction of $189,082.30.
- On Monday, August 24th, Eric 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 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.
EverCommerce Trading Down 0.1%
EverCommerce stock opened at $7.92 on Friday. The firm's 50-day moving average is $10.40 and its 200-day moving average is $10.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The company has a market cap of $1.40 billion, a P/E ratio of 44.00, a PEG ratio of 0.77 and a beta of 0.84.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $152.02 million for 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%. EverCommerce's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. On average, equities analysts expect that EverCommerce Inc. will post 0.52 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on EVCM. Royal Bank Of Canada lowered their target price on EverCommerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of EverCommerce in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Canaccord Genuity Group increased their target price on EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. Finally, Barclays boosted their price target on shares of EverCommerce from $8.50 to $10.00 and gave the company an "underweight" rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.00.
View Our Latest Research Report on EVCM
Institutional Investors Weigh In On EverCommerce
Several institutional investors have recently bought and sold shares of EVCM. BlackRock Inc. acquired a new stake in shares of EverCommerce in the 2nd quarter worth approximately $10,724,000. CoreCap Advisors LLC bought a new position in shares of EverCommerce in the second quarter valued at approximately $2,716,000. Goldman Sachs Group Inc. increased its stake in shares of EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company's stock valued at $1,266,000 after acquiring an additional 50,854 shares during the period. Lazard Asset Management LLC raised its holdings in EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after purchasing an additional 49,041 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in EverCommerce in the third quarter worth approximately $418,000. Institutional investors and hedge funds own 97.91% of the company's stock.
EverCommerce Company Profile
(
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.
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