EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 3,210 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 3,210 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.23, for a total transaction of $32,838.30. Following the completion of the transaction, the chief executive officer owned 2,855,598 shares of the company’s stock, valued at $29,212,767.54. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The shares were sold at an average price of $10.27, for a total transaction 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 transaction 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 transaction of $103,063.75.
• On Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The shares were sold at an average price of $9.66, for a total transaction of $88,340.70.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The shares were sold at an average price of $10.72, for a total transaction of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total transaction of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $11.51, for a total value 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 value 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 value of $63,559.65.

EverCommerce Stock Up 1.0%

Shares of EVCM stock opened at $10.45 on Friday. The stock’s fifty day moving average price is $11.21 and its 200 day moving average price is $11.02. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The business had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. On average, research analysts expect that EverCommerce Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently bought and sold shares of the company. Barclays PLC raised its position in EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after buying an additional 1,101 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of EverCommerce by 118.3% in the 3rd 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 last quarter. American Century Companies Inc. increased its stake 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 acquiring an additional 4,576 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after acquiring an additional 7,085 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank Of Canada lowered their target price 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. Weiss Ratings raised shares of EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Finally, Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, EverCommerce currently has a consensus rating of “Hold” and a consensus target price of $11.25.

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.