EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 11,414 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,414 shares of EverCommerce stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $11.53, for a total value of $131,603.42. Following the transaction, the chief executive officer owned 2,999,509 shares of the company’s stock, valued at $34,584,338.77. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The stock was sold at an average price of $11.42, for a total value of $88,916.12.
• 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 value of $29,895.18.
• On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The stock was sold at an average price of $10.79, for a total value of $178,002.63.
• 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 transaction of $75,661.95.
• On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total transaction 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 transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total transaction of $120,874.80.

EverCommerce Price Performance

Shares of EVCM opened at $11.71 on Friday. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a market capitalization of $2.08 billion, a P/E ratio of 130.13, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The firm has a 50 day moving average of $11.13 and a 200 day moving average of $11.06. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $151.15 million during the quarter, compared to the consensus estimate of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. As a group, equities research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada dropped 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. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Canaccord Genuity Group dropped their target price on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Citizens Jmp lowered shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.71.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares during the period. 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. Squarepoint Ops LLC purchased a new stake in EverCommerce during the second quarter valued at approximately $595,000. Goldman Sachs Group Inc. raised its position in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after acquiring an additional 50,854 shares during the period. Finally, Lazard Asset Management LLC raised its position in EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after acquiring an additional 49,041 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.