EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,644 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,644 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $9.05, for a total transaction of $42,028.20. Following the completion of the sale, the chief executive officer directly owned 5,751,607 shares of the company’s stock, valued at $52,052,043.35. The trade was a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, 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 transaction 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 transaction 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.
• On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The stock was 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 transaction of $62,906.22.
• On Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.20, for a total value of $76,030.80.

EverCommerce Stock Up 2.4%

Shares of EverCommerce stock opened at $8.95 on Friday. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. 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 stock has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $11.11. The stock has a market capitalization of $1.58 billion, a P/E ratio of 52.65, a PEG ratio of 1.86 and a beta of 0.92.

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

Institutional Investors Weigh In On EverCommerce

Several large investors have recently modified their holdings of EVCM. Tudor Investment Corp ET AL lifted its position in shares of EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares during the period. Goldman Sachs Group Inc. raised its stake in EverCommerce by 94.7% during 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 in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after acquiring an additional 49,041 shares during the period. Zacks Investment Management acquired a new stake in shares of EverCommerce in the 3rd quarter valued at $418,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after purchasing an additional 34,979 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EVCM. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Royal Bank Of Canada lowered their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.25.

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.