Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $68,105.31 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,757 shares of EverCommerce stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $11.83, for a total value of $68,105.31. Following the sale, the chief executive officer directly owned 5,602,651 shares of the company’s stock, valued at approximately $66,279,361.33. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was 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 shares were 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 shares were sold at an average price of $10.77, for a total transaction of $206,784.00.
• 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 transaction 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 stock was 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 shares were sold at an average price of $9.89, for a total transaction of $146,372.00.

EverCommerce Stock Up 2.9%

EVCM stock opened at $10.92 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.08. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a 50-day moving average of $10.35 and a two-hundred day moving average of $10.91. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 60.67, a price-to-earnings-growth ratio of 0.95 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that EverCommerce Inc. will post 0.57 EPS for the current year.

Institutional Trading of EverCommerce

Several institutional investors have recently modified their holdings of EVCM. Prudential Financial Inc. raised its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Deutsche Bank AG bought a new position in EverCommerce in the second quarter worth $144,000. Oxford Asset Management LLP acquired a new stake in EverCommerce during the second quarter worth $168,000. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 13,734 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in EverCommerce in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays upped their price target on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday. Royal Bank Of Canada dropped their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.00.

Trending Headlines about EverCommerce

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Second-quarter revenue rose 2.7% year over year to $152.0 million, essentially matching the $152.29 million analyst consensus. The company also appointed Alex Goor as CEO, while founder Eric Remer remains on the board, potentially bringing fresh growth initiatives while preserving leadership continuity. EverCommerce Second-Quarter Results EverCommerce CEO Appointment
• Neutral Sentiment: CEO Eric Remer and President Matthew Feierstein sold shares through pre-arranged Rule 10b5-1 plans. The transactions were relatively small compared with their remaining holdings, reducing their significance, although the repeated selling may still attract investor attention.
• Negative Sentiment: EverCommerce reported quarterly earnings of approximately $0.05 per share, well below the $0.15 consensus estimate. Revenue was close to expectations, so the miss primarily highlights pressure on profitability and operating performance. EverCommerce Q2 Earnings Call Transcript
• Negative Sentiment: Third-quarter revenue guidance of $151.5 million to $154.5 million trails the $156.8 million analyst estimate, signaling slower near-term growth. Full-year guidance of $612 million to $632 million remains near consensus but offers limited upside at the midpoint.
• Negative Sentiment: Royal Bank of Canada cut its EverCommerce price target from $11.00 to $10.00 and maintained a “sector perform” rating. The new target is below the recent trading level, reinforcing concerns about valuation and growth prospects. RBC Cuts EverCommerce Price Target

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.