Eric Richard Remer Sells 18,950 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 18,950 shares of EverCommerce stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.20, for a total transaction of $193,290.00. Following the sale, the chief executive officer directly owned 5,699,462 shares in the company, valued at $58,134,512.40. The trade was a 0.33% decrease in their position. The sale was disclosed in a 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 Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The stock was sold at an average price of $10.68, for a total transaction of $184,710.60.
  • On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The stock was sold at an average price of $9.89, for a total transaction of $146,372.00.
  • On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $10.53, for a total value 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 value 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 value of $62,906.22.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $10.07 on Wednesday. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The firm has a market capitalization of $1.78 billion, a P/E ratio of 59.24, a P/E/G ratio of 0.91 and a beta of 0.93. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $11.01.

EverCommerce (NASDAQ:EVCMGet 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 business had revenue of $147.47 million during the quarter, compared to the consensus estimate of $147.18 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, The Goldman Sachs Group lowered their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, EverCommerce currently has an average rating of “Hold” and an average price target of $11.25.

Get Our Latest Stock Analysis on EVCM

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Prudential Financial Inc. increased its holdings in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares in the last quarter. Oxford Asset Management LLP bought a new position in EverCommerce during the 2nd quarter valued at about $168,000. BNP Paribas Financial Markets boosted its holdings in shares of EverCommerce by 863.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of EverCommerce in the fourth quarter worth approximately $177,000. Finally, Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 76.8% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.

Further Reading

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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