EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,208 Shares

Key Points

• EverCommerce CEO Eric Richard Remer sold 7,208 shares on May 6 at an average price of $10.72 for $77,269.76, executed under a pre-arranged Rule 10b5-1 plan; he still directly owns 2,895,723 shares (a 0.25% reduction, valued at ~ $31.04M).
• The May 6 sale is part of a concentrated insider selling spree in April–May totaling 76,800 shares sold across multiple transactions under the same plan.
• For context, EverCommerce recently reported Q1 EPS of $0.04 (missing estimates of $0.14) with revenue roughly in line, and the stock trades around $11.79 versus a consensus analyst target of $10.71 and a market cap of ~$2.09B.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 7,208 shares of EverCommerce stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.72, for a total transaction of $77,269.76. Following the sale, the chief executive officer directly owned 2,895,723 shares of the company's stock, valued at approximately $31,042,150.56. This trade represents a 0.25% 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 Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The shares were sold at an average price of $11.17, for a total transaction of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The shares were sold at an average price of $11.49, for a total transaction of $67,411.83.
• On Wednesday, April 29th, Eric Richard Remer sold 7,766 shares of EverCommerce stock. The shares were sold at an average price of $11.51, for a total transaction of $89,386.66.
• On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The shares were sold at an average price of $11.84, for a total transaction of $65,913.28.
• On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The shares were sold at an average price of $11.55, for a total transaction of $63,559.65.
• On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total transaction of $65,261.57.
• On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The shares were sold at an average price of $12.11, for a total transaction of $99,955.94.
• On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The shares were 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 transaction of $67,023.84.
• On Tuesday, April 14th, Eric Richard Remer sold 12,000 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $141,240.00.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded up $0.76 on Thursday, reaching $11.79. The company's stock had a trading volume of 84,743 shares, compared to its average volume of 138,859. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. 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 stock's 50-day moving average is $11.47 and its two-hundred day moving average is $11.10. The stock has a market capitalization of $2.09 billion, a P/E ratio of 131.01, a PEG ratio of 2.43 and a beta of 0.94.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.10). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The firm had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. As a group, sell-side analysts forecast that EverCommerce Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

EVCM has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of EverCommerce from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research report on Friday, March 13th. Oppenheimer restated an "outperform" rating on shares of EverCommerce in a research report on Friday, March 13th. Finally, Royal Bank Of Canada lowered their target price on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating on the stock in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, EverCommerce currently has an average rating of "Hold" and a consensus price target of $10.71.

Institutional Trading of EverCommerce

Several large investors have recently modified their holdings of EVCM. Federated Hermes Inc. grew its position in shares of EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock valued at $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of EverCommerce during the third quarter valued at approximately $91,000. R Squared Ltd purchased a new position in shares of EverCommerce during the third quarter valued at approximately $122,000. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after buying an additional 1,190 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in shares of EverCommerce during the second quarter valued at approximately $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.

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