Eric Richard Remer Sells 11,683 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,683 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $9.08, for a total value of $106,081.64. Following the completion of the sale, the chief executive officer directly owned 2,750,804 shares of the company’s stock, valued at approximately $24,977,300.32. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing 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, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The shares were sold at an average price of $9.15, for a total value of $68,780.55.
• On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total value of $54,147.06.
• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total value of $142,597.26.
• 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 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 value 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 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 shares were 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 shares were sold at an average price of $10.25, for a total value of $103,063.75.

EverCommerce Trading Down 2.9%

Shares of EverCommerce stock opened at $9.13 on Friday. The business has a fifty day simple moving average of $10.87 and a two-hundred day simple moving average of $11.09. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 53.71, a P/E/G ratio of 2.00 and a beta of 0.92. 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 announced 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). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts forecast that EverCommerce Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

EVCM has been the subject of a number of research reports. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Royal Bank Of Canada dropped their target price on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Finally, Canaccord Genuity Group lifted their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.25.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of EverCommerce by 202.9% during the first quarter. Bank of America Corp DE now owns 47,848 shares of the company’s stock worth $547,000 after buying an additional 32,053 shares in the last quarter. Quantinno Capital Management LP raised its stake in EverCommerce by 117.7% in the first quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after purchasing an additional 26,109 shares in the last quarter. XTX Topco Ltd raised its stake in EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after purchasing an additional 27,224 shares in the last quarter. Barclays PLC raised its stake in EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.