EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 12,100 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 12,100 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $11.27, for a total transaction of $136,367.00. Following the sale, the chief executive officer directly owned 5,648,151 shares of the company’s stock, valued at $63,654,661.77. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total transaction 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 transaction of $113,591.52.
  • On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $193,290.00.
  • 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 stock was sold at an average price of $9.89, for a total transaction 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 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 stock was sold at an average price of $9.08, for a total value of $106,081.64.

EverCommerce Trading Up 1.5%

Shares of NASDAQ EVCM opened at $12.00 on Wednesday. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The firm has a market cap of $2.12 billion, a PE ratio of 70.59, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. The business has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $10.93. 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 quarterly earnings data 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 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 the consensus estimate of $147.18 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently added to or reduced their stakes in EVCM. CoreCap Advisors LLC bought a new stake in shares of EverCommerce in the 2nd quarter valued at about $2,716,000. Tudor Investment Corp ET AL grew 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 buying an additional 83,794 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after acquiring an additional 50,854 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of EverCommerce by 5,995.2% during 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 in the last quarter. Finally, Zacks Investment Management purchased a new stake in EverCommerce during the third quarter valued at approximately $418,000. 97.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EVCM has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Canaccord Genuity Group upped their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, EverCommerce presently has an average rating of “Hold” and an average target price of $11.25.

Check Out Our Latest Analysis on EverCommerce

About EverCommerce

(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.

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