Eric Richard Remer Sells 4,500 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $10.75, for a total value of $48,375.00. Following the transaction, the chief executive officer directly owned 2,822,626 shares in the company, valued at approximately $30,343,229.50. The trade was a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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, 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 Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $92,321.08.
• 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 transaction of $67,411.83.

EverCommerce Stock Performance

Shares of EVCM traded up $0.51 during mid-day trading on Thursday, hitting $11.09. 122,940 shares of the company’s stock were exchanged, compared to its average volume of 134,706. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 65.24, a P/E/G ratio of 2.24 and a beta of 0.94. The business’s 50 day moving average is $11.16 and its two-hundred day moving average is $10.99. 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 announced its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The business had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter last year, the company posted $0.01 EPS. EverCommerce’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that EverCommerce Inc. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. lifted its position in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after acquiring an additional 1,667 shares during the period. R Squared Ltd acquired a new stake in shares of EverCommerce during the 3rd quarter valued at approximately $122,000. 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 valued at $142,000 after acquiring an additional 1,190 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce during the 4th quarter valued at approximately $177,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EverCommerce during the 3rd quarter valued at approximately $169,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EVCM shares. The Goldman Sachs Group decreased their target price 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 restated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Finally, Canaccord Genuity Group raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.