Eric Richard Remer Sells 12,000 Shares of EverCommerce (NASDAQ:EVCM) Stock

Key Points

• CEO insider selling: Eric Richard Remer sold multiple blocks of EverCommerce stock under a pre-arranged Rule 10b5-1 plan — including 12,000 shares on April 14 at $11.77 for $141,240 — reducing his ownership by about 0.40% to roughly 2.96 million shares (≈$34.85M).
• Stock outlook and recent results: EVCM trades near $11.98 with a consensus analyst rating of "Hold" and a $10.71 target; the company missed EPS by $0.01 last quarter despite a slight revenue beat, with analysts forecasting -$0.17 EPS for the year and a market cap of ~$2.13B (P/E ≈133).

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 12,000 shares of EverCommerce stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $11.77, for a total transaction of $141,240.00. Following the sale, the chief executive officer directly owned 2,960,523 shares of the company's stock, valued at approximately $34,845,355.71. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total transaction of $19,120.08.
• On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The shares were sold at an average price of $11.96, for a total value of $67,023.84.
• On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $100,224.00.
• On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The shares were sold at an average price of $11.38, for a total transaction of $119,490.00.
• 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 value of $88,916.12.
• On Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The stock was sold at an average price of $11.53, for a total transaction of $131,603.42.
• 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 transaction of $29,895.18.
• On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The shares were 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 transaction 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.

EverCommerce Stock Performance

NASDAQ EVCM traded down $0.02 on Thursday, hitting $11.98. 140,957 shares of the company's stock were exchanged, compared to its average volume of 147,656. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11. The firm's 50-day moving average price is $11.07 and its two-hundred day moving average price is $11.04. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 133.13, a P/E/G ratio of 2.63 and a beta of 1.01.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $151.15 million during 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. On average, research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on EVCM. Oppenheimer reissued an "outperform" rating on shares of EverCommerce in a research report on Friday, March 13th. The Goldman Sachs Group lowered their price target on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 13th. Canaccord Genuity Group dropped their price target on shares of EverCommerce from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, March 13th. Weiss Ratings raised EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada cut their target price on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating on the stock in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.71.

Institutional Trading of EverCommerce

Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock valued at $34,000 after buying an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in EverCommerce in the 3rd quarter worth about $91,000. R Squared Ltd purchased a new position in shares of EverCommerce in the third quarter worth approximately $122,000. Prudential Financial Inc. raised its stake in EverCommerce by 9.6% during 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. Finally, Oxford Asset Management LLP purchased a new stake in EverCommerce in the 2nd quarter worth about $168,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.