EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 9,145 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,145 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $9.66, for a total transaction of $88,340.70. Following the transaction, the chief executive officer directly owned 2,876,523 shares in the company, valued at approximately $27,787,212.18. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The shares were sold at an average price of $10.25, for a total transaction of $103,063.75.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The shares were sold at an average price of $10.72, for a total transaction of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The shares were sold at an average price of $11.17, for a total transaction of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The shares were sold at an average price of $11.49, for a total transaction of $67,411.83.
• On Wednesday, April 29th, Eric Richard Remer sold 7,766 shares of EverCommerce stock. The shares were sold at an average price of $11.51, for a total transaction of $89,386.66.
• On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The shares were sold at an average price of $11.84, for a total transaction of $65,913.28.
• On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The shares were sold at an average price of $11.55, for a total transaction of $63,559.65.
• On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total transaction of $65,261.57.
• On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The shares were sold at an average price of $12.11, for a total transaction of $99,955.94.
• On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The shares were sold at an average price of $11.98, for a total transaction of $19,120.08.

EverCommerce Stock Performance

EVCM opened at $9.70 on Thursday. The company has a quick ratio of 2.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 57.06, a PEG ratio of 2.29 and a beta of 0.94. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The firm’s fifty day simple moving average is $11.45 and its two-hundred day simple moving average is $11.09.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). The company had revenue of $147.47 million for the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. Equities analysts anticipate that EverCommerce Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EVCM. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. The Goldman Sachs Group reduced their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Canaccord Genuity Group increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings raised EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.25.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. Federated Hermes Inc. increased its position in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of EverCommerce during the 3rd quarter worth approximately $91,000. R Squared Ltd acquired a new stake in shares of EverCommerce during the 3rd quarter worth approximately $122,000. Prudential Financial Inc. increased its holdings in shares of 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 last quarter. Finally, Oxford Asset Management LLP acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $168,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce Company Profile

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.