Eric Richard Remer Sells 7,786 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,786 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $11.42, for a total value of $88,916.12. Following the transaction, the chief executive officer owned 2,991,723 shares of the company’s stock, valued at $34,165,476.66. This trade represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The stock was sold at an average price of $11.53, for a total transaction of $131,603.42.
• On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The stock was sold at an average price of $11.06, for a total transaction of $29,895.18.
• On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The shares were sold at an average price of $10.79, for a total transaction of $178,002.63.
• On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total transaction of $29,075.84.
• On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The shares were sold at an average price of $10.31, for a total transaction of $168,094.24.
• On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The stock was sold at an average price of $12.13, for a total transaction of $22,731.62.
• On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The stock was sold at an average price of $12.05, for a total transaction of $75,661.95.
• On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The shares were sold at an average price of $11.87, for a total transaction of $131,127.89.
• On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The stock was sold at an average price of $10.52, for a total value of $120,874.80.

EverCommerce Stock Up 1.6%

Shares of EverCommerce stock traded up $0.19 during trading hours on Thursday, reaching $11.71. 131,062 shares of the company were exchanged, compared to its average volume of 151,958. The firm has a market cap of $2.08 billion, a PE ratio of 130.13, a PEG ratio of 2.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock’s fifty day moving average is $11.15 and its 200 day moving average is $11.05.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The company had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after buying an additional 1,667 shares in the last quarter. American Century Companies Inc. grew its position in shares of EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after buying an additional 4,576 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after buying an additional 7,085 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citizens Jmp lowered shares of 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 shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Finally, Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.71.

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.