EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 13,542 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $10.53, for a total transaction of $142,597.26. Following the sale, the chief executive officer directly owned 2,809,084 shares in the company, valued at $29,579,654.52. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total transaction of $54,147.06.
- 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 transaction of $48,375.00.
- On Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The stock was 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 transaction of $92,321.08.
- On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The stock was sold at an average price of $10.23, for a total transaction of $32,838.30.
- On Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The stock was sold at an average price of $10.27, for a total transaction 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 transaction of $76,030.80.
- On Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The stock was sold at an average price of $10.25, for a total transaction of $103,063.75.
- On Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The stock was sold at an average price of $9.66, for a total transaction of $88,340.70.
- On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The stock was sold at an average price of $10.72, for a total transaction of $77,269.76.
EverCommerce Stock Performance
NASDAQ EVCM opened at $9.51 on Friday. 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 firm’s fifty day moving average price is $11.16 and its two-hundred day moving average price is $11.07. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The firm has a market capitalization of $1.68 billion, a P/E ratio of 55.94, a price-to-earnings-growth ratio of 2.00 and a beta of 0.92.
Hedge Funds Weigh In On EverCommerce
A number of hedge funds have recently bought and sold shares of EVCM. Federated Hermes Inc. increased its position in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares during the period. R Squared Ltd bought a new position in EverCommerce during the third quarter worth about $122,000. Prudential Financial Inc. increased its position in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. Oxford Asset Management LLP bought a new position in EverCommerce during the second quarter worth about $168,000. Finally, BNP Paribas Financial Markets increased its position in EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after acquiring an additional 13,734 shares during the period. 97.91% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Citizens Jmp lowered shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research report 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 issued a Sell rating to the company. According to data from MarketBeat, EverCommerce currently has a consensus rating of “Hold” and a consensus target price of $11.25.
Check Out Our Latest Stock Analysis on EverCommerce
Key Headlines Impacting EverCommerce
Here are the key news stories impacting EverCommerce this week:
- Negative Sentiment: CEO Eric Richard Remer sold 13,542 shares on June 2 and another 5,658 shares on June 3, adding to a recent pattern of insider selling that may make investors cautious. SEC filing
- Negative Sentiment: President Matthew David Feierstein also sold shares on June 1 and June 3, reinforcing the impression of ongoing insider distribution rather than insider accumulation. SEC filing
- Neutral Sentiment: The sales were executed under pre-arranged 10b5-1 trading plans and were described as being for tax withholding related to equity vesting, which suggests they may be routine rather than a sign of changing fundamentals.
- Neutral Sentiment: EverCommerce recently reported mixed quarterly results, with revenue of $147.47 million roughly matching expectations, but EPS of $0.04 missing the $0.14 consensus estimate.
- Positive Sentiment: Analyst sentiment is mixed but not uniformly bearish, with a consensus rating of Hold and a consensus target price above the stock’s recent trading range.
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.
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