EverCommerce (NASDAQ:EVCM) CEO Sells 17,285 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 17,285 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $10.00, for a total value of $172,850.00. Following the transaction, the chief executive officer directly owned 5,535,312 shares in the company, valued at approximately $55,353,120. The trade was a 0.31% decrease in their position. The transaction was disclosed in a 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, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $244,795.74.
• On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total value of $249,742.28.
• On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The shares were sold at an average price of $11.83, for a total transaction of $68,105.31.
• On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The shares were 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 transaction 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 shares were sold at an average price of $11.27, for a total transaction 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 value 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.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded up $0.14 during midday trading on Thursday, hitting $10.11. The company had a trading volume of 120,913 shares, compared to its average volume of 147,023. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 56.17, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The business has a 50-day simple moving average of $10.34 and a two-hundred day simple moving average of $10.85. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EVCM. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Royal Bank Of Canada cut 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 note on Thursday, August 6th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Barclays boosted their price target on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Trading of EverCommerce

Several hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in shares of EverCommerce in the second quarter valued at approximately $2,716,000. Wells Fargo & Company MN grew its holdings in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after buying an additional 7,085 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in EverCommerce in the 4th quarter valued at approximately $177,000. BNP Paribas Financial Markets increased its position 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 acquiring an additional 13,734 shares during the period. Finally, Oxford Asset Management LLP bought a new stake in EverCommerce during the 2nd quarter valued at $168,000. 97.91% of the stock is currently owned by institutional investors.

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.