EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 14,800 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 14,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $9.89, for a total transaction of $146,372.00. Following the completion of the transaction, the chief executive officer directly owned 5,735,707 shares of the company’s stock, valued at $56,726,142.23. This represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The shares were sold at an average price of $10.68, for a total transaction of $184,710.60.
• 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 value 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 value of $106,081.64.
• On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total value of $54,147.06.
• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The stock was 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 shares were 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 shares were 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 EVCM opened at $9.98 on Friday. 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 firm has a market cap of $1.77 billion, a PE ratio of 58.71, a PEG ratio of 2.26 and a beta of 0.93. The firm’s 50 day moving average price is $10.17 and its 200 day moving average price is $11.07. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share 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 business had revenue of $147.47 million for the quarter, compared to the consensus estimate of $147.18 million. During the same quarter in the prior year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts expect that EverCommerce Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. The Goldman Sachs Group cut their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Royal Bank Of Canada decreased their price objective 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. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Finally, Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, EverCommerce currently has an average rating of “Hold” and an average target price of $11.25.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently made changes to their positions in EVCM. Prudential Financial Inc. boosted its stake in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $168,000. BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 13,734 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in EverCommerce in the fourth quarter valued at about $177,000. Finally, Wells Fargo & Company MN grew its holdings in shares of EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the last quarter. 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.