EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 16,497 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 16,497 shares of EverCommerce stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $10.79, for a total transaction of $178,002.63. Following the completion of the sale, the chief executive officer owned 2,517,220 shares of the company’s stock, valued at $27,160,803.80. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total transaction of $29,895.18.
• On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total transaction of $29,075.84.
• On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $12.05, for a total value 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 value of $131,127.89.
• On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total value 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 shares were 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.

EverCommerce Stock Up 7.5%

Shares of EVCM stock opened at $11.63 on Thursday. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market capitalization of $2.07 billion, a PE ratio of 129.24, a P/E/G ratio of 2.39 and a beta of 1.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The stock’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $11.05.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. Equities analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently bought and sold shares of EVCM. Squarepoint Ops LLC purchased a new position in shares of EverCommerce during the 2nd quarter valued at approximately $595,000. Arrowstreet Capital Limited Partnership boosted its holdings in EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares in the last quarter. Inceptionr LLC purchased a new stake in EverCommerce during the second quarter worth $159,000. Tudor Investment Corp ET AL grew its position in EverCommerce by 200.7% during the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after buying an additional 83,794 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. The Goldman Sachs Group reduced their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Royal Bank Of Canada decreased 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 report on Friday, March 13th. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Finally, Weiss Ratings raised EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.71.

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.