EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 25,252 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 25,252 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $9.89, for a total value of $249,742.28. Following the sale, the chief executive officer owned 5,577,399 shares of the company’s stock, valued at approximately $55,160,476.11. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $244,795.74.
• On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The shares were sold at an average price of $11.83, for a total transaction of $68,105.31.
• On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The shares were sold at an average price of $11.85, for a total transaction of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was sold at an average price of $11.97, for a total transaction of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total transaction of $126,626.37.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total transaction of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction of $206,784.00.
• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The stock was sold at an average price of $10.08, for a total value of $113,591.52.

EverCommerce Stock Performance

NASDAQ EVCM traded up $0.14 on Thursday, hitting $10.11. 120,913 shares of the company traded hands, compared to its average volume of 147,023. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 56.17, a P/E/G ratio of 0.88 and a beta of 0.91. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average price is $10.34 and its 200-day moving average price is $10.85. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The company had revenue of $152.02 million during the quarter, compared to analysts’ expectations of $152.29 million. During the same quarter in the previous year, the company earned $0.04 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts expect that EverCommerce Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EVCM shares. Royal Bank Of Canada reduced their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Barclays upped their price target on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, August 6th. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after buying an additional 11,996 shares in the last quarter. American Century Companies Inc. lifted 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 worth $290,000 after buying an additional 4,576 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of EverCommerce during the second quarter worth $302,000. Finally, Lazard Asset Management LLC increased its holdings in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after acquiring an additional 49,041 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

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.