EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,454 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,454 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $10.20, for a total transaction of $76,030.80. Following the completion of the sale, the chief executive officer owned 2,867,344 shares in the company, valued at $29,246,908.80. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.27, for a total transaction of $87,664.72.
• On Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The stock was 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 stock was 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 stock was 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.

EverCommerce Stock Up 1.0%

EVCM stock opened at $10.45 on Friday. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $11.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $1.85 billion, a P/E ratio of 61.47, a P/E/G ratio of 2.35 and a beta of 0.94.

EverCommerce (NASDAQ:EVCM) last released 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 firm had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that EverCommerce Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Weiss Ratings upgraded shares of EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Canaccord Genuity Group upped their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Three equities research 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.com, the company presently has an average rating of “Hold” and a consensus price target of $11.25.

Institutional Trading of EverCommerce

Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in EverCommerce in the third quarter worth approximately $91,000. R Squared Ltd bought a new stake in EverCommerce in the third quarter worth approximately $122,000. Prudential Financial Inc. grew its position in 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in EverCommerce in the fourth quarter worth approximately $177,000. 97.91% of the stock is owned by institutional investors.

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.