EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 12,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 12,000 shares of EverCommerce stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $11.77, for a total value of $141,240.00. Following the sale, the chief executive officer owned 2,960,523 shares in the company, valued at $34,845,355.71. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total transaction of $19,120.08.
• On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The stock was sold at an average price of $11.96, for a total transaction of $67,023.84.
• On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $100,224.00.
• On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $119,490.00.
• On Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The stock was sold at an average price of $11.42, for a total transaction of $88,916.12.
• On Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The stock was sold at an average price of $11.53, for a total transaction of $131,603.42.
• On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The stock was sold at an average price of $11.06, for a total transaction of $29,895.18.
• On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The stock was sold at an average price of $10.79, for a total transaction of $178,002.63.
• On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total transaction of $29,075.84.
• On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The stock was sold at an average price of $10.31, for a total transaction of $168,094.24.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.98 on Friday. The company’s 50-day moving average is $11.10 and its 200 day moving average is $11.05. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $2.13 billion, a P/E ratio of 133.13, a price-to-earnings-growth ratio of 2.65 and a beta of 1.01. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The company had revenue of $151.15 million during the quarter, compared to analysts’ expectations of $150.06 million. During the same period last year, the firm posted ($0.07) earnings per share. EverCommerce’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of recent research reports. Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. The Goldman Sachs Group dropped their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Canaccord Genuity Group dropped their price target on EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada dropped their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Finally, Weiss Ratings raised EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average target price of $10.71.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in EVCM. JPMorgan Chase & Co. increased its stake in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after acquiring an additional 11,996 shares during the last quarter. American Century Companies Inc. increased its stake in EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the last quarter. Prudential Financial Inc. increased its stake in EverCommerce by 9.6% in the 2nd 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 last quarter. Occudo Quantitative Strategies LP bought a new position in EverCommerce in the 2nd quarter worth about $302,000. Finally, Lazard Asset Management LLC increased its stake in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after acquiring an additional 49,041 shares during the last quarter. 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.