Eric Richard Remer Sells 4,500 Shares of EverCommerce (NASDAQ:EVCM) Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold 4,500 shares on May 28 at an average price of $10.75, totaling $48,375. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his remaining holdings were valued at about $30.3 million.
• Remer has been actively trimming his stake with multiple sales in recent weeks, including several larger transactions in May. The article lists a series of prior insider sales, suggesting a sustained pattern rather than a one-off trade.
• EverCommerce shares rose to $11.09 on the day cited, while the company reported mixed quarterly results earlier in May: EPS came in at $0.04 versus $0.14 expected, but revenue slightly beat estimates at $147.47 million. Analysts currently have a consensus Hold rating and an average price target of $11.25.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,500 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $10.75, for a total value of $48,375.00. Following the sale, the chief executive officer owned 2,822,626 shares of the company's stock, valued at approximately $30,343,229.50. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The stock was 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.
• On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The stock was sold at an average price of $10.23, for a total value of $32,838.30.
• On Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The stock was sold at an average price of $10.27, for a total value of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $76,030.80.
• On Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The stock was sold at an average price of $10.25, for a total value of $103,063.75.
• On Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The stock was sold at an average price of $9.66, for a total value of $88,340.70.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The stock was sold at an average price of $10.72, for a total value of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total value of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The stock was sold at an average price of $11.49, for a total value of $67,411.83.

EverCommerce Price Performance

Shares of EverCommerce stock traded up $0.51 on Thursday, hitting $11.09. 122,940 shares of the company were exchanged, compared to its average volume of 134,706. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 65.24, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94. The company has a 50-day moving average price of $11.16 and a 200 day moving average price of $10.99. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. 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:EVCM - Get Free Report) last issued its earnings results 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). The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. As a group, sell-side analysts predict that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL lifted its stake in EverCommerce by 200.7% during 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock worth $1,107,000 after acquiring an additional 11,996 shares during the period. Goldman Sachs Group Inc. increased its position in shares of EverCommerce by 94.7% during the fourth 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 during the period. Los Angeles Capital Management LLC increased its position in shares of EverCommerce by 111.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock worth $749,000 after acquiring an additional 34,979 shares during the period. Finally, XTX Topco Ltd increased its position in shares of 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 acquiring an additional 27,224 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group decreased 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. Wall Street Zen upgraded EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Oppenheimer reiterated an "outperform" rating on shares of EverCommerce in a report on Friday, March 13th. Finally, Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.25.

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.

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