EverCommerce (NASDAQ:EVCM) CEO Sells $131,603.42 in Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 11,414 shares of EverCommerce stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $11.53, for a total transaction of $131,603.42. Following the transaction, the chief executive officer directly owned 2,999,509 shares of the company’s stock, valued at $34,584,338.77. This represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $88,916.12.
  • 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 value 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 value 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 value of $29,075.84.
  • On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The shares were sold at an average price of $10.31, for a total value of $168,094.24.
  • On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The shares were sold at an average price of $12.13, for a total value of $22,731.62.
  • On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The stock was sold at an average price of $12.05, for a total value of $75,661.95.
  • On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total value of $131,127.89.
  • On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total value of $219,456.00.
  • On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The stock was sold at an average price of $10.52, for a total value of $120,874.80.

EverCommerce Stock Performance

Shares of EVCM stock opened at $11.71 on Friday. The firm has a 50 day moving average of $11.11 and a 200-day moving average of $11.05. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 130.13, a price-to-earnings-growth ratio of 2.58 and a beta of 1.01. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41.

EverCommerce (NASDAQ:EVCMGet Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EVCM. Canaccord Genuity Group reduced their target price on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Weiss Ratings upgraded EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 13th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.71.

Get Our Latest Stock Analysis on EVCM

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. Squarepoint Ops LLC bought a new position in EverCommerce in the 2nd quarter valued at about $595,000. Arrowstreet Capital Limited Partnership increased its holdings in EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of EverCommerce by 200.7% in the third 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 during the last quarter. BNP Paribas Financial Markets raised its stake in shares of EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of EverCommerce in the second quarter valued at approximately $168,000. 97.91% of the stock is owned by institutional investors.

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

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