EverCommerce (NASDAQ:EVCM) CEO Sells $32,838.30 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 3,210 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.23, for a total value of $32,838.30. Following the sale, the chief executive officer owned 2,855,598 shares in the company, valued at approximately $29,212,767.54. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The shares were 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.
• 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $11.55, for a total value of $63,559.65.

EverCommerce Price Performance

NASDAQ EVCM traded up $0.10 during trading on Thursday, reaching $10.45. The company’s stock had a trading volume of 82,226 shares, compared to its average volume of 136,071. The stock 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 company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a fifty day moving average of $11.24 and a 200 day moving average of $11.02. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.

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). The business had revenue of $147.47 million during the quarter, compared to the consensus estimate of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.EverCommerce’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Analysts expect that EverCommerce Inc. will post 0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of research reports. Royal Bank Of Canada cut their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Weiss Ratings upgraded EverCommerce from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Three equities 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 stock. Based on data from MarketBeat, EverCommerce has an average rating of “Hold” and a consensus target price of $11.25.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in 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 period. American Century Companies Inc. boosted its holdings 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. Prudential Financial Inc. boosted its holdings 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. Occudo Quantitative Strategies LP purchased a new stake in EverCommerce during the 2nd quarter valued at about $302,000. Finally, Lazard Asset Management LLC boosted 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 valued at $523,000 after acquiring an additional 49,041 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

About EverCommerce

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.