EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,500 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,500 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $10.75, for a total transaction of $48,375.00. Following the transaction, the chief executive officer owned 2,822,626 shares of the company’s stock, valued at approximately $30,343,229.50. The trade was a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total transaction of $62,906.22.
• 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 transaction 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 transaction 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 transaction of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The shares were 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 shares were 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 transaction of $67,411.83.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.09 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.96 billion, a PE ratio of 65.24, a P/E/G ratio of 2.25 and a beta of 0.94. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $11.00.

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

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in EverCommerce by 202.9% in the 1st quarter. Bank of America Corp DE now owns 47,848 shares of the company’s stock worth $547,000 after purchasing an additional 32,053 shares in the last quarter. Quantinno Capital Management LP lifted its stake in EverCommerce by 117.7% in the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock worth $552,000 after purchasing an additional 26,109 shares in the last quarter. XTX Topco Ltd lifted its stake in EverCommerce by 110.4% in the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after purchasing an additional 27,224 shares in the last quarter. Barclays PLC lifted its stake in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EVCM shares. The Goldman Sachs Group cut their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada lowered their price target on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, EverCommerce presently has a consensus rating of “Hold” and an average price target 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.