EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,517 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 7,517 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $9.15, for a total transaction of $68,780.55. Following the completion of the transaction, the chief executive officer directly owned 2,743,287 shares in the company, valued at $25,101,076.05. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The stock was sold at an average price of $9.08, for a total transaction of $106,081.64.
  • On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total transaction of $54,147.06.
  • On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $142,597.26.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $87,664.72.
  • On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $10.25, for a total transaction of $103,063.75.

EverCommerce Stock Performance

Shares of EVCM stock opened at $9.40 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 55.30, a PEG ratio of 1.95 and a beta of 0.92. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $10.92 and its 200 day moving average is $11.10. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The business had revenue of $147.47 million for the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, sell-side analysts anticipate that EverCommerce Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EVCM shares. Canaccord Genuity Group upped their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. The Goldman Sachs Group decreased their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded EverCommerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Finally, Royal Bank Of Canada decreased their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.

Get Our Latest Stock Report on EVCM

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL increased its position 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 worth $1,397,000 after purchasing an additional 83,794 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of EverCommerce in the third quarter worth approximately $371,000. Occudo Quantitative Strategies LP bought a new position in shares of EverCommerce in the second quarter worth approximately $302,000. American Century Companies Inc. increased its position in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after purchasing an additional 4,576 shares during the last quarter. Finally, Barclays PLC increased its position in shares of EverCommerce by 5.1% in 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 during the last quarter. 97.91% of the stock is currently owned by institutional investors.

About EverCommerce

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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