Eric Richard Remer Sells 2,703 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 2,703 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $11.06, for a total transaction of $29,895.18. Following the transaction, the chief executive officer owned 2,514,517 shares of the company’s stock, valued at approximately $27,810,558.02. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Eric Richard Remer also recently made the following trade(s):

• On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $11.87, for a total value of $131,127.89.
• On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total value of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total value of $120,874.80.
• On Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The stock was sold at an average price of $10.29, for a total value of $79,335.90.
• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $90,853.35.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.75 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of 130.57, a PEG ratio of 2.56 and a beta of 1.04. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The business’s 50 day moving average is $11.23 and its 200-day moving average is $11.06.

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

Analyst Ratings Changes

A number of research firms have recently commented on EVCM. The Goldman Sachs Group reduced their price objective 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. Citizens Jmp lowered shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Canaccord Genuity Group lowered their price objective on EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Royal Bank Of Canada dropped their target price on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.71.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in 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 in the last quarter. Prudential Financial Inc. increased its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of EverCommerce by 118.3% in the third 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. raised its holdings 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 valued at $290,000 after buying an additional 4,576 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 76.8% in the fourth 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.

About EverCommerce

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.