Eric Richard Remer Sells 9,145 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,145 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $9.66, for a total value of $88,340.70. Following the sale, the chief executive officer owned 2,876,523 shares in the company, valued at approximately $27,787,212.18. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 shares were 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 shares were sold at an average price of $11.49, for a total value of $67,411.83.
• On Wednesday, April 29th, Eric Richard Remer sold 7,766 shares of EverCommerce stock. The stock was sold at an average price of $11.51, for a total transaction of $89,386.66.
• On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The shares were sold at an average price of $11.84, for a total transaction of $65,913.28.
• 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 Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total transaction of $65,261.57.
• 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 stock was sold at an average price of $11.96, for a total transaction of $67,023.84.

EverCommerce Price Performance

Shares of EVCM stock traded down $0.41 on Wednesday, reaching $9.70. The company’s stock had a trading volume of 128,329 shares, compared to its average volume of 138,131. The company has a market capitalization of $1.72 billion, a P/E ratio of 57.06, a PEG ratio of 2.49 and a beta of 0.94. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The stock’s 50 day simple moving average is $11.48 and its 200-day simple moving average is $11.10. The company has a quick ratio of 2.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Thursday, May 7th. The company reported $0.04 EPS 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 analysts’ expectations of $147.18 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. EverCommerce’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that EverCommerce Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its stake in 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 buying an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after acquiring an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after acquiring an additional 50,854 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after acquiring an additional 34,979 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of EverCommerce by 110.4% in the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after purchasing an additional 27,224 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EVCM. Canaccord Genuity Group raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada cut their price target on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group decreased their price target 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. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Finally, Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.

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.