Eric Richard Remer Sells 8,536 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,536 shares of EverCommerce stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $10.27, for a total transaction of $87,664.72. Following the sale, the chief executive officer owned 2,858,808 shares in the company, valued at approximately $29,359,958.16. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction of $32,838.30.
• 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 shares were 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 shares were 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 shares were sold at an average price of $10.72, for a total value of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total transaction of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The stock was sold at an average price of $11.49, for a total value of $67,411.83.
• On Wednesday, April 29th, Eric Richard Remer sold 7,766 shares of EverCommerce stock. The stock was sold at an average price of $11.51, for a total value of $89,386.66.
• On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The stock was sold at an average price of $11.84, for a total value of $65,913.28.
• On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The stock was sold at an average price of $11.55, for a total value of $63,559.65.

EverCommerce Price Performance

Shares of EVCM stock opened at $10.69 on Friday. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 62.89, a PEG ratio of 2.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The stock’s 50-day simple moving average is $11.18 and its 200-day simple moving average is $11.01.

EverCommerce (NASDAQ:EVCM) last issued its 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). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The firm had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. During the same quarter in the prior year, the company earned $0.01 EPS. EverCommerce’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that EverCommerce Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EVCM has been the subject of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Finally, The Goldman Sachs Group lowered their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, EverCommerce has a consensus rating of “Hold” and an average price target of $11.25.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL lifted its stake in EverCommerce by 200.7% during the third 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 last quarter. Quantinno Capital Management LP lifted its stake in EverCommerce by 117.7% during the first quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock worth $552,000 after purchasing an additional 26,109 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in EverCommerce during the fourth quarter worth approximately $177,000. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 13,734 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in EverCommerce during the second quarter worth approximately $168,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.