EverCommerce (NASDAQ:EVCM) CEO Sells $92,321.08 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,726 shares of EverCommerce stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $10.58, for a total value of $92,321.08. Following the transaction, the chief executive officer directly owned 2,833,100 shares in the company, valued at approximately $29,974,198. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The stock was 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 value of $62,906.22.
• 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 value 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 value of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $76,030.80.
• 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 value 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 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 stock was sold at an average price of $11.49, for a total value of $67,411.83.

EverCommerce Trading Up 1.4%

Shares of EVCM opened at $11.25 on Friday. The business’s 50-day moving average price is $11.21 and its 200 day moving average price is $11.01. The stock has a market capitalization of $1.99 billion, a P/E ratio of 66.18, a P/E/G ratio of 2.39 and a beta of 0.94. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. 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 (NASDAQ:EVCM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The company had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. Analysts expect that EverCommerce Inc. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its holdings in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after purchasing an additional 50,854 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after purchasing an additional 49,041 shares during the last quarter. Zacks Investment Management acquired a new stake in EverCommerce in the 3rd quarter worth approximately $418,000. Finally, Los Angeles Capital Management LLC lifted its holdings in EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after purchasing an additional 34,979 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVCM has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.