EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 25,252 Shares

Key Points

• CEO Eric Richard Remer sold 25,252 EverCommerce shares at an average price of $9.89, generating $249,742; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his stake by 0.45%.
• EverCommerce shares rose 1.4% to $10.11, but the company’s latest quarterly EPS of $0.05 missed analysts’ $0.15 estimate. Revenue reached $152.02 million, up 2.7% year over year and broadly in line with expectations.
• Institutional investors own 97.91% of the stock, while analysts maintain a consensus “Hold” rating with an average price target of $11.00.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 25,252 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.89, for a total transaction of $249,742.28. Following the sale, the chief executive officer owned 5,577,399 shares in the company, valued at approximately $55,160,476.11. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Thursday, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $172,850.00.
• On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $244,795.74.
• On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total transaction of $68,105.31.
• On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total transaction of $159,299.55.
• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were sold at an average price of $11.97, for a total transaction of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total value of $126,626.37.
• On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total value of $136,367.00.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total value of $206,784.00.
• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total value of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The stock was sold at an average price of $10.08, for a total value of $113,591.52.

EverCommerce Stock Up 1.4%

Shares of NASDAQ EVCM traded up $0.14 during trading on Thursday, reaching $10.11. The company had a trading volume of 120,913 shares, compared to its average volume of 147,023. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The business's 50-day moving average is $10.34 and its 200 day moving average is $10.85. The stock has a market cap of $1.79 billion, a PE ratio of 56.17, a P/E/G ratio of 0.88 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The firm had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same quarter in the previous year, the firm earned $0.04 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in EverCommerce in the 2nd quarter worth approximately $10,724,000. CoreCap Advisors LLC bought a new position in shares of EverCommerce during the 2nd quarter valued at $2,716,000. JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock worth $1,107,000 after buying an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company's stock worth $1,266,000 after buying an additional 50,854 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings 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 worth $749,000 after acquiring an additional 34,979 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of EverCommerce from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 14th. Royal Bank Of Canada cut their target price on EverCommerce from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings lowered EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. Canaccord Genuity Group boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.00.

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.

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