EverCommerce (NASDAQ:EVCM) CEO Sells $88,916.12 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,786 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $11.42, for a total value of $88,916.12. Following the sale, the chief executive officer directly owned 2,991,723 shares of the company’s stock, valued at approximately $34,165,476.66. This represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The shares were sold at an average price of $11.53, for a total value of $131,603.42.
• On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total transaction of $120,874.80.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $11.71 on Friday. The firm 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. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company’s 50-day simple moving average is $11.11 and its 200-day simple moving average is $11.05. 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 (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The firm had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same quarter in the previous year, the business earned ($0.07) EPS. EverCommerce’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on EVCM shares. The Goldman Sachs Group dropped their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Canaccord Genuity Group decreased their target price on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Two equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.71.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently bought and sold shares of the company. XTX Topco Ltd raised its holdings 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 purchasing an additional 27,224 shares during the last quarter. Barclays PLC boosted its position in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares in the last quarter. Wells Fargo & Company MN grew its holdings in EverCommerce by 76.8% in the fourth 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. O Shaughnessy Asset Management LLC acquired a new stake in EverCommerce in the fourth quarter valued at $177,000. Finally, Los Angeles Capital Management LLC increased its position in shares of EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after buying an additional 34,979 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other 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.