EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,536 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,536 shares of EverCommerce stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $10.27, for a total transaction of $87,664.72. Following the transaction, the chief executive officer directly owned 2,858,808 shares in the company, valued at $29,359,958.16. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 transaction 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 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 stock was 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 stock was 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 stock was 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 stock was 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.

EverCommerce Stock Up 1.0%

EVCM traded up $0.10 during mid-day trading on Thursday, reaching $10.45. 82,226 shares of the stock were exchanged, compared to its average volume of 136,071. The company has a 50 day moving average price of $11.24 and a two-hundred day moving average price of $11.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $1.85 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.

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%.EverCommerce’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. As a group, research analysts anticipate that EverCommerce Inc. will post 0.23 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL raised its stake in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after acquiring an additional 83,794 shares during the period. JPMorgan Chase & Co. raised its stake in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares during the period. Goldman Sachs Group Inc. raised its stake in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after acquiring an additional 50,854 shares during the period. Los Angeles Capital Management LLC raised its stake in EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after acquiring an additional 34,979 shares during the period. Finally, XTX Topco Ltd raised its stake in EverCommerce by 110.4% in the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after acquiring an additional 27,224 shares during the period. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Weiss Ratings raised shares of EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Finally, Canaccord Genuity Group boosted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, EverCommerce has an average rating of “Hold” and a consensus 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.