Eric Richard Remer Sells 7,454 Shares of EverCommerce (NASDAQ:EVCM) Stock

by · The Cerbat Gem

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 7,454 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $10.20, for a total value of $76,030.80. Following the completion of the sale, the chief executive officer owned 2,867,344 shares in the company, valued at $29,246,908.80. The trade was a 0.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 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 shares were 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 shares were sold at an average price of $11.49, for a total value 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 value 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 value 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 value of $63,559.65.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded up $0.10 during midday trading on Thursday, hitting $10.45. The stock had a trading volume of 82,226 shares, compared to its average volume of 136,071. The company has a market capitalization of $1.85 billion, a PE ratio of 61.47, a P/E/G ratio of 2.29 and a beta of 0.94. The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.02. 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 released its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the firm posted $0.01 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts expect that EverCommerce Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Canaccord Genuity Group upped their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada decreased their price target on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.25.

View Our Latest Stock Analysis on EverCommerce

Institutional Investors Weigh In On EverCommerce

A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after purchasing an additional 1,101 shares in the last quarter. Prudential Financial Inc. raised its position in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Federated Hermes Inc. raised its position in EverCommerce by 118.3% in the 3rd 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 in the last quarter. American Century Companies Inc. raised its position in EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

About EverCommerce

(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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