Eric Richard Remer Sells 17,295 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 17,295 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.68, for a total transaction of $184,710.60. Following the completion of the transaction, the chief executive officer directly owned 5,718,412 shares of the company’s stock, valued at $61,072,640.16. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The stock was sold at an average price of $9.89, for a total value of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The shares were sold at an average price of $9.03, for a total value of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $42,028.20.
• On Wednesday, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The stock was sold at an average price of $9.15, for a total value of $68,780.55.
• On Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The stock was sold at an average price of $9.08, for a total value of $106,081.64.
• On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total value of $54,147.06.
• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total value 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 value of $48,375.00.
• On Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The stock was 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.

EverCommerce Stock Performance

EVCM stock opened at $9.98 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a 50-day simple moving average of $10.13 and a two-hundred day simple moving average of $11.07.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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 return on equity of 3.37% and a net margin of 5.47%.The firm had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. During the same period in the previous year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis.

Key EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 17,295 shares on July 1 and 14,800 shares on June 30, while President Matthew David Feierstein sold 10,000 shares on July 1 and 5,179 shares on June 30, adding to a run of insider selling that may pressure the stock. Article Title
• Neutral Sentiment: The sales were disclosed in SEC filings and executed under Rule 10b5-1 trading plans, which suggests they were scheduled in advance and may not signal a sudden change in management’s outlook. Article Title
• Neutral Sentiment: EverCommerce recently reported revenue that slightly topped estimates, but earnings missed expectations, leaving investors focused on whether the company can improve profitability. Article Title

Analysts Set New Price Targets

Several analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reduced their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note 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. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average price target of $11.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after buying an additional 1,101 shares during the period. Prudential Financial Inc. raised its stake in EverCommerce by 9.6% in the 2nd 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 last quarter. American Century Companies Inc. raised its stake in EverCommerce by 19.8% in the 2nd 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 last quarter. Wells Fargo & Company MN lifted its position in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after acquiring an additional 7,085 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in EverCommerce by 11.9% during the 2nd 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. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.