EverCommerce (NASDAQ:EVCM) CEO Sells $184,710.60 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 17,295 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.68, for a total transaction of $184,710.60. Following the completion of the transaction, the chief executive officer directly owned 5,718,412 shares of the company’s stock, valued at approximately $61,072,640.16. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total value of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The stock was sold at an average price of $9.03, for a total value of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $42,028.20.
• 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 stock was sold at an average price of $9.08, for a total value of $106,081.64.
• On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total value 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 stock was 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 stock was 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 shares were sold at an average price of $10.58, for a total transaction of $92,321.08.

EverCommerce Stock Performance

NASDAQ:EVCM opened at $9.98 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. The company’s 50-day simple moving average is $10.13 and its 200 day simple moving average is $11.07. The firm has a market capitalization of $1.77 billion, a P/E ratio of 58.71, a PEG ratio of 2.12 and a beta of 0.93.

EverCommerce (NASDAQ:EVCM) last announced its earnings results 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 net margin of 5.47% and a return on equity of 3.37%. The business had revenue of $147.47 million for the quarter, compared to the consensus estimate of $147.18 million. During the same period in the prior year, the business posted $0.01 EPS. EverCommerce’s revenue for the quarter was up 3.7% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EVCM. Barclays PLC boosted its position in shares of EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after buying an additional 1,101 shares during the last quarter. Prudential Financial Inc. lifted its stake in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares during the period. American Century Companies Inc. lifted its stake in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after acquiring an additional 4,576 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

EVCM has been the topic of a number of recent research reports. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Canaccord Genuity Group increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, EverCommerce presently has an average rating of “Hold” and a consensus price target of $11.25.

EverCommerce News Summary

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 17,295 shares on July 1 and 14,800 shares on June 30, while President Matthew David Feierstein sold 10,000 shares on July 1 and 5,179 shares on June 30, adding to a run of insider selling that may pressure the stock. Article Title
• Neutral Sentiment: The sales were disclosed in SEC filings and executed under Rule 10b5-1 trading plans, which suggests they were scheduled in advance and may not signal a sudden change in management’s outlook. Article Title
• Neutral Sentiment: EverCommerce recently reported revenue that slightly topped estimates, but earnings missed expectations, leaving investors focused on whether the company can improve profitability. Article Title

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.