EverCommerce (NASDAQ:EVCM) CEO Sells $19,120.08 in Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 1,596 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $11.98, for a total value of $19,120.08. Following the sale, the chief executive officer owned 2,953,323 shares of the company’s stock, valued at $35,380,809.54. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The stock was sold at an average price of $11.96, for a total value of $67,023.84.
  • On Tuesday, April 14th, Eric Richard Remer sold 12,000 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total value of $141,240.00.
  • On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total value of $100,224.00.
  • On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The shares were sold at an average price of $11.38, for a total value of $119,490.00.
  • On Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total value of $88,916.12.
  • On Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The shares were sold at an average price of $11.53, for a total value of $131,603.42.
  • On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total value of $29,895.18.
  • On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The shares were sold at an average price of $10.79, for a total value of $178,002.63.
  • On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total value of $29,075.84.
  • On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The shares were sold at an average price of $10.31, for a total value of $168,094.24.

EverCommerce Price Performance

Shares of EVCM traded down $0.02 during trading hours on Thursday, reaching $11.98. The stock had a trading volume of 140,957 shares, compared to its average volume of 147,656. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The stock has a market capitalization of $2.13 billion, a PE ratio of 133.13, a PEG ratio of 2.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The company’s 50-day moving average is $11.07 and its two-hundred day moving average is $11.04.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The firm had revenue of $151.15 million during the quarter, compared to the consensus estimate of $150.06 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Trading of EverCommerce

A number of large investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after buying an additional 1,667 shares during the period. State of Alaska Department of Revenue acquired a new position in EverCommerce during the 3rd quarter worth approximately $91,000. R Squared Ltd acquired a new position in EverCommerce during the 3rd quarter worth approximately $122,000. Prudential Financial Inc. raised its stake in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in EverCommerce during the 2nd quarter worth approximately $168,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVCM has been the subject of a number of recent research reports. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Canaccord Genuity Group decreased their price objective on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 13th. Royal Bank Of Canada decreased their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Finally, Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.71.

Read Our Latest Analysis on EverCommerce

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.

See Also

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

Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.