EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 5,974 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,974 shares of EverCommerce stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $10.53, for a total value of $62,906.22. Following the sale, the chief executive officer owned 2,827,126 shares of the company’s stock, valued at approximately $29,769,636.78. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total value of $48,375.00.
• On Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The shares were 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 shares were 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 shares were 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.
• 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 value 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 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.

EverCommerce Stock Performance

EVCM stock opened at $11.09 on Friday. 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 cap of $1.96 billion, a P/E ratio of 65.24, a P/E/G ratio of 2.25 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 $11.19 and its 200 day simple moving average is $11.00.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). The firm had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. As a group, equities research analysts predict that EverCommerce Inc. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Several large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL increased its position 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 during the period. JPMorgan Chase & Co. increased its position in EverCommerce by 11.9% in the second 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 period. Goldman Sachs Group Inc. increased 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 worth $1,266,000 after buying an additional 50,854 shares during the period. Los Angeles Capital Management LLC increased 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 worth $749,000 after buying an additional 34,979 shares during the period. Finally, XTX Topco Ltd increased its position in EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after buying an additional 27,224 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. Canaccord Genuity Group boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, The Goldman Sachs Group dropped their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, EverCommerce 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.