EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,766 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 7,766 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $11.51, for a total value of $89,386.66. Following the completion of the sale, the chief executive officer owned 2,920,790 shares of the company’s stock, valued at approximately $33,618,292.90. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The stock was sold at an average price of $11.49, for a total value of $67,411.83.
  • On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The stock was sold at an average price of $11.84, for a total value of $65,913.28.
  • On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The stock was sold at an average price of $11.55, for a total value of $63,559.65.
  • On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total value of $65,261.57.
  • On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total value of $99,955.94.
  • On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total value of $19,120.08.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $11.38, for a total value of $119,490.00.

EverCommerce Stock Down 0.4%

Shares of NASDAQ:EVCM opened at $11.55 on Friday. 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 $2.04 billion, a P/E ratio of 128.35, a P/E/G ratio of 2.56 and a beta of 1.01. The stock has a 50 day moving average price of $11.43 and a 200-day moving average price of $11.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The firm had revenue of $151.15 million during the quarter, compared to the consensus estimate of $150.06 million. During the same period in the prior year, the company posted ($0.07) EPS. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that EverCommerce Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

EVCM has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Canaccord Genuity Group reduced their target price on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 13th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.71.

Check Out Our Latest Report on EVCM

Hedge Funds Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL boosted its stake in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EverCommerce by 94.7% in 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 last quarter. Los Angeles Capital Management LLC boosted its stake in shares of EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after buying an additional 34,979 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of EverCommerce by 110.4% in the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after buying an additional 27,224 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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