EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 13,443 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,443 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $11.85, for a total transaction of $159,299.55. Following the completion of the transaction, the chief executive officer directly owned 5,608,408 shares of the company’s stock, valued at approximately $66,459,634.80. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total transaction of $68,105.31.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were sold at an average price of $11.97, for a total value of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total value of $126,626.37.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total value of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.
• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total value of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The shares were sold at an average price of $10.08, for a total value of $113,591.52.
• 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 stock was 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.

EverCommerce Stock Down 1.0%

EVCM traded down $0.12 during trading on Wednesday, reaching $11.85. The stock had a trading volume of 106,250 shares, compared to its average volume of 145,844. 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 company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 69.71, a P/E/G ratio of 1.07 and a beta of 0.91. The stock’s 50 day moving average is $10.34 and its two-hundred day moving average is $10.93. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The business had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. As a group, analysts expect that EverCommerce Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. 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 cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised 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 worth $142,000 after purchasing an additional 1,190 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in EverCommerce during the 2nd quarter valued at about $168,000. BNP Paribas Financial Markets grew its position in EverCommerce by 863.2% during 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 last quarter. O Shaughnessy Asset Management LLC purchased a new stake in EverCommerce during the 4th quarter valued at about $177,000. Finally, Wells Fargo & Company MN increased its stake in EverCommerce by 76.8% during 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 in the last quarter. 97.91% of the stock is currently owned by institutional investors.

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.