EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,644 Shares of Stock

by · The Markets Daily

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 4,644 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $9.05, for a total value of $42,028.20. Following the completion of the sale, the chief executive officer directly owned 5,751,607 shares in the company, valued at approximately $52,052,043.35. This represents a 0.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The stock was sold at an average price of $9.15, for a total value of $68,780.55.
  • On Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The shares were sold at an average price of $9.08, for a total transaction of $106,081.64.
  • On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total transaction of $54,147.06.
  • On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $142,597.26.
  • On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total transaction of $48,375.00.
  • On Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total transaction 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 transaction of $92,321.08.
  • On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The shares were sold at an average price of $10.23, for a total transaction 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 shares were sold at an average price of $10.20, for a total value of $76,030.80.

EverCommerce Price Performance

EVCM traded up $0.21 during trading on Thursday, hitting $8.95. The company’s stock had a trading volume of 148,788 shares, compared to its average volume of 136,922. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The firm’s 50 day moving average price is $10.70 and its two-hundred day moving average price is $11.11. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41.

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 the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts forecast that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on EVCM shares. Canaccord Genuity Group raised their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. The Goldman Sachs Group reduced 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 lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Finally, Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.25.

View Our Latest Stock Report on EVCM

Institutional Investors Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently modified their holdings of EVCM. Tudor Investment Corp ET AL lifted its holdings in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after buying an additional 83,794 shares during the period. Goldman Sachs Group Inc. grew its holdings in EverCommerce by 94.7% during the 4th 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. Lazard Asset Management LLC grew its holdings in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after acquiring an additional 49,041 shares during the period. Zacks Investment Management bought a new stake in shares of EverCommerce during the 3rd quarter valued at $418,000. Finally, Los Angeles Capital Management LLC raised its position in shares of EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after acquiring an additional 34,979 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

EverCommerce Company Profile

(Get Free Report)

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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