EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,742 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $9.86, for a total transaction of $86,196.12. Following the completion of the transaction, the chief executive officer directly owned 5,679,451 shares in the company, valued at approximately $55,999,386.86. The trade was a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The shares were sold at an average price of $10.08, for a total transaction of $113,591.52.
• On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $193,290.00.
• On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The stock was sold at an average price of $10.68, for a total transaction of $184,710.60.
• 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 transaction 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 transaction of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was 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 shares were 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 stock was sold at an average price of $10.53, for a total value of $142,597.26.

EverCommerce Stock Up 2.3%

EVCM stock opened at $10.20 on Friday. The business’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.98. The stock has a market cap of $1.80 billion, a P/E ratio of 60.00, a PEG ratio of 0.89 and a beta of 0.93. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month 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 the consensus estimate 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 prior year, the company posted $0.01 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that EverCommerce Inc. will post 0.57 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently modified their holdings of EVCM. Prudential Financial Inc. boosted its position 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 acquiring an additional 1,190 shares during the last quarter. Oxford Asset Management LLP bought a new stake in EverCommerce in the 2nd quarter valued at $168,000. BNP Paribas Financial Markets increased its holdings in EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in EverCommerce in the 4th quarter worth $177,000. Finally, Wells Fargo & Company MN lifted its stake in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of analyst reports. Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. The Goldman Sachs Group decreased their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Finally, Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.25.

Key EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 8,742 shares on July 8 and 11,269 shares on July 7, continuing a recent pattern of insider selling. Although both trades were made under a pre-arranged 10b5-1 plan, repeated sales by top executives can pressure investor sentiment. Article Title
• Negative Sentiment: President Matthew David Feierstein sold 1,798 shares on July 8 and 10,000 shares on July 6, adding to the recent insider-selling trend. While the transactions were also conducted under a 10b5-1 plan, they may reinforce concerns that management sees limited near-term upside. Article Title
• Negative Sentiment: Goldman Sachs reportedly remained at a sell rating on EverCommerce, which could further dampen sentiment around the stock. Analyst pessimism combined with insider sales often creates an overhang for shares. Article Title

About EverCommerce

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.