Eric Richard Remer Sells 18,950 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 18,950 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.20, for a total value of $193,290.00. Following the sale, the chief executive officer directly owned 5,699,462 shares of the company’s stock, valued at $58,134,512.40. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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, 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 transaction 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 value of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The shares were sold at an average price of $9.03, for a total transaction of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $42,028.20.
• 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 value of $106,081.64.
• 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 value of $54,147.06.
• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total transaction of $142,597.26.
• On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The shares were 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.

EverCommerce Stock Up 1.6%

EVCM stock traded up $0.16 on Monday, reaching $10.14. 171,381 shares of the company traded hands, compared to its average volume of 141,819. The firm has a fifty day simple moving average of $10.13 and a 200-day simple moving average of $11.05. The company has a market cap of $1.79 billion, a P/E ratio of 59.65 and a beta of 0.93. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL lifted its position in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares during the period. Goldman Sachs Group Inc. raised its stake 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 buying an additional 50,854 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares during the period. Zacks Investment Management purchased a new stake in EverCommerce during the third quarter worth $418,000. Finally, Los Angeles Capital Management LLC boosted its position in EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after acquiring an additional 34,979 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EVCM. Canaccord Genuity Group boosted their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Finally, Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, EverCommerce currently has an average rating of “Hold” and an average target price of $11.25.

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.