EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 5,867 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,867 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $11.49, for a total transaction of $67,411.83. Following the completion of the sale, the chief executive officer owned 2,914,923 shares of the company’s stock, valued at approximately $33,492,465.27. The trade was a 0.20% decrease in their position. The transaction was disclosed in a document filed 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 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 stock was sold at an average price of $11.55, for a total transaction of $63,559.65.
• On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total transaction of $65,261.57.
• On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total transaction of $99,955.94.
• On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total transaction of $19,120.08.
• On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The stock was sold at an average price of $11.96, for a total transaction of $67,023.84.
• On Tuesday, April 14th, Eric Richard Remer sold 12,000 shares of EverCommerce stock. The stock was sold at an average price of $11.77, for a total transaction of $141,240.00.
• On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $100,224.00.
• On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $119,490.00.

EverCommerce Stock Down 0.4%

Shares of EVCM opened at $11.55 on Friday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 128.35, a P/E/G ratio of 2.56 and a beta of 1.01. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $11.10.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Equities analysts predict that EverCommerce Inc. will post 0.23 EPS for the current fiscal year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL increased its holdings in shares of EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after purchasing an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after purchasing an additional 50,854 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after acquiring an additional 34,979 shares during the period. Finally, XTX Topco Ltd grew its holdings in EverCommerce by 110.4% during the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after acquiring an additional 27,224 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 13th. Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 13th. The Goldman Sachs Group lowered their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Finally, Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.