EverCommerce (NASDAQ:EVCM) CEO Sells $103,063.75 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,055 shares of EverCommerce stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $10.25, for a total value of $103,063.75. Following the sale, the chief executive officer directly owned 2,885,668 shares of the company’s stock, valued at $29,578,097. This represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The stock was sold at an average price of $9.66, for a total value of $88,340.70.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The stock was sold at an average price of $10.72, for a total value of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total value 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 value 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 value 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 value 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 value 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

Shares of NASDAQ:EVCM opened at $9.49 on Friday. The company’s 50 day simple moving average is $11.35 and its 200 day simple moving average is $11.06. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 55.83, a price-to-earnings-growth ratio of 2.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.11. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.

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

Institutional Trading of EverCommerce

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its holdings in shares of 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 bought a new stake in shares of EverCommerce during the third quarter worth about $91,000. R Squared Ltd bought a new stake in shares of EverCommerce during the third quarter worth about $122,000. Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new stake in EverCommerce in the second quarter valued at approximately $168,000. 97.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EVCM has been the topic of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Canaccord Genuity Group lifted their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday. Finally, 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. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.25.

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.