EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 5,443 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,443 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $11.99, for a total transaction of $65,261.57. Following the transaction, the chief executive officer owned 2,939,626 shares in the company, valued at approximately $35,246,115.74. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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, 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.
• On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total transaction of $99,955.94.
• On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The shares were sold at an average price of $11.98, for a total transaction of $19,120.08.
• On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The shares were sold at an average price of $11.96, for a total transaction of $67,023.84.
• On Tuesday, April 14th, Eric Richard Remer sold 12,000 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $141,240.00.
• On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total transaction of $100,224.00.
• On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The shares were sold at an average price of $11.38, for a total transaction of $119,490.00.
• On Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $88,916.12.
• On Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The shares were 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.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded down $0.64 on Thursday, hitting $11.36. The company had a trading volume of 111,946 shares, compared to its average volume of 143,653. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 126.24, a P/E/G ratio of 2.65 and a beta of 1.01. The stock has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.08. 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 (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The company had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. EverCommerce’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that EverCommerce Inc. will post 0.23 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. boosted its position 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 acquiring an additional 1,667 shares during the period. State of Alaska Department of Revenue bought a new stake in EverCommerce during the third quarter worth about $91,000. R Squared Ltd bought a new stake in EverCommerce during the third quarter worth about $122,000. Prudential Financial Inc. lifted its position in EverCommerce by 9.6% during the second 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 period. Finally, O Shaughnessy Asset Management LLC bought a new stake in EverCommerce during the fourth quarter worth about $177,000. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EVCM. The Goldman Sachs Group decreased their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Canaccord Genuity Group reduced their target price on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Finally, Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.71.

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.