EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 11,269 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,269 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $10.08, for a total transaction of $113,591.52. Following the completion of the transaction, the chief executive officer directly owned 5,688,193 shares of the company’s stock, valued at approximately $57,336,985.44. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $86,196.12.
• On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $193,290.00.
• On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The shares were sold at an average price of $10.68, for a total value of $184,710.60.
• On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The stock was sold at an average price of $9.89, for a total value of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The stock was sold at an average price of $9.03, for a total value of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $42,028.20.
• 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 Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The shares were sold at an average price of $9.08, for a total value of $106,081.64.
• 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 stock was sold at an average price of $10.53, for a total value of $142,597.26.

EverCommerce Price Performance

Shares of EVCM opened at $10.20 on Friday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 60.00, a P/E/G ratio of 0.89 and a beta of 0.93. 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 of $10.00 and a 200-day moving average of $10.98. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $147.18 million. During the same quarter last year, the business earned $0.01 earnings per share. EverCommerce’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that EverCommerce Inc. will post 0.57 EPS for the current fiscal year.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Prudential Financial Inc. grew its position 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 period. O Shaughnessy Asset Management LLC bought a new stake in shares of EverCommerce in the 4th quarter valued at about $177,000. BNP Paribas Financial Markets raised its holdings in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after purchasing an additional 13,734 shares during the period. Oxford Asset Management LLP acquired a new stake in EverCommerce in the 2nd quarter valued at about $168,000. 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 valued at $198,000 after purchasing an additional 7,085 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EVCM shares. The Goldman Sachs Group reduced their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Finally, Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, EverCommerce has an average rating of “Hold” and an average target price of $11.25.

EverCommerce News Roundup

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 8,742 shares on July 8 and 11,269 shares on July 7, continuing a recent pattern of insider selling. Although both trades were made under a pre-arranged 10b5-1 plan, repeated sales by top executives can pressure investor sentiment. Article Title
• Negative Sentiment: President Matthew David Feierstein sold 1,798 shares on July 8 and 10,000 shares on July 6, adding to the recent insider-selling trend. While the transactions were also conducted under a 10b5-1 plan, they may reinforce concerns that management sees limited near-term upside. Article Title
• Negative Sentiment: Goldman Sachs reportedly remained at a sell rating on EverCommerce, which could further dampen sentiment around the stock. Analyst pessimism combined with insider sales often creates an overhang for shares. Article Title

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.