EverCommerce (NASDAQ:EVCM) CEO Sells $54,147.06 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,658 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $9.57, for a total transaction of $54,147.06. Following the transaction, the chief executive officer owned 2,803,426 shares of the company’s stock, valued at approximately $26,828,786.82. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $142,597.26.
• On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total transaction of $48,375.00.
• On Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total transaction of $62,906.22.
• On Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $92,321.08.
• On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The shares were sold at an average price of $10.23, for a total transaction of $32,838.30.
• On Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The shares were sold at an average price of $10.27, for a total transaction of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $76,030.80.
• 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 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The shares were sold at an average price of $9.66, for a total transaction of $88,340.70.
• 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.

EverCommerce Trading Down 3.3%

Shares of EverCommerce stock opened at $9.20 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 54.12, a PEG ratio of 2.02 and a beta of 0.92. The firm’s 50 day simple moving average is $11.11 and its two-hundred day simple moving average is $11.05.

EverCommerce (NASDAQ:EVCM) last issued its quarterly 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 company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that EverCommerce Inc. will post 0.24 EPS for the current year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. JPMorgan Chase & Co. increased its stake in shares of EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after acquiring an additional 11,996 shares during the period. American Century Companies Inc. increased its stake in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the period. Prudential Financial Inc. increased its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in EverCommerce during the second quarter worth $302,000. Finally, Lazard Asset Management LLC boosted 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 buying an additional 49,041 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Canaccord Genuity Group increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Citizens Jmp lowered shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research note 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, the stock presently has an average 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.