Eric Richard Remer Sells 7,786 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 7,786 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $11.42, for a total value of $88,916.12. Following the sale, the chief executive officer owned 2,991,723 shares of the company’s stock, valued at approximately $34,165,476.66. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The stock was sold at an average price of $11.53, for a total transaction of $131,603.42.
  • On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total transaction of $29,895.18.
  • 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 stock was sold at an average price of $12.05, for a total value 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.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded up $0.19 during trading on Thursday, hitting $11.71. The stock had a trading volume of 131,062 shares, compared to its average volume of 151,958. 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 stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 130.13, a price-to-earnings-growth ratio of 2.52 and a beta of 1.00. The stock has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $11.05.

EverCommerce (NASDAQ:EVCMGet Free Report) last issued its quarterly earnings results 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). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same quarter last year, the company posted ($0.07) EPS. EverCommerce’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the subject of several recent research reports. Weiss Ratings upgraded EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. The Goldman Sachs Group cut their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Two equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.71.

Get Our Latest Stock Report on EVCM

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. Federated Hermes Inc. increased its stake in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of EverCommerce during the 3rd quarter worth $91,000. R Squared Ltd purchased a new position in shares of EverCommerce during the 3rd quarter worth $122,000. Prudential Financial Inc. increased 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 worth $142,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in shares of EverCommerce during the 2nd quarter worth about $168,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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

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