EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 2,896 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 2,896 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $10.04, for a total transaction of $29,075.84. Following the sale, the chief executive officer directly owned 2,533,717 shares in the company, valued at approximately $25,438,518.68. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Eric Richard Remer also recently made the following trade(s):

• 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 transaction of $75,661.95.
• On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The shares were sold at an average price of $11.87, for a total transaction 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 transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The stock was sold at an average price of $10.52, for a total value of $120,874.80.
• On Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The stock was sold at an average price of $10.29, for a total value of $79,335.90.
• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $90,853.35.
• On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $111,925.80.
• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $85,742.82.

EverCommerce Stock Performance

EVCM traded up $0.33 during trading on Thursday, hitting $10.40. 4,290 shares of the stock were exchanged, compared to its average volume of 146,903. 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 1-year low of $7.66 and a 1-year high of $14.41. The stock has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $11.07. The firm has a market capitalization of $1.85 billion, a P/E ratio of 115.57, a PEG ratio of 2.04 and a beta of 1.04.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $151.15 million for the quarter, compared to analysts’ expectations of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) earnings per share. As a group, sell-side analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Canaccord Genuity Group lowered their price objective on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Weiss Ratings raised EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Finally, Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, EverCommerce has a consensus rating of “Hold” and a consensus price target of $10.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in EverCommerce in the second quarter valued at about $595,000. Arrowstreet Capital Limited Partnership increased its position in EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares during the period. Inceptionr LLC acquired a new position in EverCommerce during the 2nd quarter worth approximately $159,000. Oxford Asset Management LLP purchased a new position in shares of EverCommerce during the 2nd quarter worth approximately $168,000. Finally, Prudential Financial Inc. raised its stake 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 buying an additional 1,190 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.