EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 17,295 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 17,295 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.68, for a total transaction of $184,710.60. Following the completion of the transaction, the chief executive officer directly owned 5,718,412 shares of the company’s stock, valued at approximately $61,072,640.16. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eric Richard Remer also recently made the following trade(s):

  • On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The stock was 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 stock was 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 shares were 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 stock was sold at an average price of $9.15, for a total value 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 transaction of $106,081.64.
  • On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total transaction 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 value of $142,597.26.
  • 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 value 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 value 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 value of $92,321.08.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $9.98 on Friday. The company has a market cap of $1.77 billion, a P/E ratio of 58.71, a P/E/G ratio of 2.26 and a beta of 0.93. The business has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $11.07. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCMGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The business had revenue of $147.47 million for the quarter, compared to analysts’ expectations of $147.18 million. During the same quarter last year, the company posted $0.01 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that EverCommerce Inc. will post 0.24 EPS for the current year.

Institutional Trading of EverCommerce

Institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL increased its position in EverCommerce by 200.7% during 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 in the last quarter. JPMorgan Chase & Co. lifted its position in EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after buying an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in EverCommerce by 94.7% during 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 during the period. Los Angeles Capital Management LLC grew its stake in EverCommerce by 111.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after buying an additional 34,979 shares during the period. Finally, XTX Topco Ltd grew its stake in EverCommerce by 110.4% during the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after buying an additional 27,224 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group cut their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Finally, Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, EverCommerce currently has an average rating of “Hold” and a consensus target price of $11.25.

Check Out Our Latest Research Report on EVCM

EverCommerce Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.