EverCommerce (NASDAQ:EVCM) CEO Sells $100,224.00 in Stock

Key Points

• CEO Eric Richard Remer sold 8,700 shares on April 8 at $11.52 for $100,224 under a Rule 10b5-1 trading plan, part of a series of insider sales since March 10.
• The cumulative proceeds from those sales are roughly $1.08 million between March 10 and April 8; following the April 8 transaction Remer still owns about 2,972,523 shares (valued near $34.24M).
• EverCommerce shares trade around $11.41 with a market cap of $2.03B, and analysts hold an average rating of "Hold" with a $10.71 target price.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,700 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $11.52, for a total transaction of $100,224.00. Following the completion of the sale, the chief executive officer owned 2,972,523 shares in the company, valued at $34,243,464.96. The trade was a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, 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 transaction of $88,916.12.
• 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 transaction 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 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 transaction of $178,002.63.
• On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The shares were 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.
• 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 shares were 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 shares were sold at an average price of $11.87, for a total transaction of $131,127.89.

EverCommerce Price Performance

EverCommerce stock traded down $0.05 during trading hours on Thursday, hitting $11.41. 119,485 shares of the company traded hands, compared to its average volume of 162,366. The firm has a market cap of $2.03 billion, a P/E ratio of 126.79, a P/E/G ratio of 2.53 and a beta of 1.01. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The firm's 50-day simple moving average is $11.07 and its two-hundred day simple moving average is $11.05. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its 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 company had revenue of $151.15 million for 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. As a group, analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVCM has been the topic of several research analyst reports. Raymond James Financial cut shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Royal Bank Of Canada lowered their price objective on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating on the stock in a research note on Friday, March 13th. Oppenheimer reaffirmed an "outperform" rating on shares of EverCommerce in a research note 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, The Goldman Sachs Group lowered their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, EverCommerce currently has an average rating of "Hold" and an average target price of $10.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in shares of EverCommerce in the second quarter worth approximately $595,000. Arrowstreet Capital Limited Partnership increased its position in shares of EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after acquiring an additional 547,712 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock worth $1,397,000 after acquiring an additional 83,794 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company's stock worth $171,000 after acquiring an additional 13,734 shares in the last quarter. Finally, Inceptionr LLC increased its position in shares of EverCommerce by 177.6% in the third quarter. Inceptionr LLC now owns 42,051 shares of the company's stock worth $468,000 after acquiring an additional 26,902 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

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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