EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 11,683 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,683 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $9.08, for a total value of $106,081.64. Following the completion of the transaction, the chief executive officer owned 2,750,804 shares of the company’s stock, valued at approximately $24,977,300.32. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The shares were sold at an average price of $9.15, for a total value of $68,780.55.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.25, for a total value of $103,063.75.

EverCommerce Stock Up 2.4%

Shares of NASDAQ EVCM opened at $9.40 on Friday. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. 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 has a market capitalization of $1.66 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 1.95 and a beta of 0.92. The business has a 50-day moving average of $10.92 and a 200-day moving average of $11.10.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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 period in the previous year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

A number of hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL lifted its position in EverCommerce by 200.7% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. lifted its position in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after purchasing an additional 50,854 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after purchasing an additional 34,979 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in EverCommerce by 110.4% in the fourth 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 during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. The Goldman Sachs Group dropped their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded EverCommerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Three 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. Based on data from MarketBeat, EverCommerce currently has an average rating of “Hold” and a consensus price target 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.