Eric Richard Remer Sells 2,896 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 2,896 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $10.04, for a total value of $29,075.84. Following the completion of the transaction, the chief executive officer owned 2,533,717 shares of the company’s stock, valued at approximately $25,438,518.68. This represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Eric Richard Remer also recently made the following trade(s):

• On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The shares were sold at an average price of $10.31, for a total transaction of $168,094.24.
• On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The stock was sold at an average price of $12.13, for a total transaction of $22,731.62.
• On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The shares were sold at an average price of $12.05, for a total transaction of $75,661.95.
• On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total transaction of $131,127.89.
• On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total transaction of $120,874.80.
• On Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The shares were sold at an average price of $10.29, for a total value of $79,335.90.
• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $90,853.35.
• On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $111,925.80.
• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total value of $85,742.82.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $10.43 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The business has a 50 day moving average price of $11.32 and a two-hundred day moving average price of $11.07. The firm has a market cap of $1.85 billion, a PE ratio of 115.90, a price-to-earnings-growth ratio of 2.05 and a beta of 1.04.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The business had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently bought and sold shares of EVCM. XTX Topco Ltd boosted its stake in EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after acquiring an additional 27,224 shares during the period. Barclays PLC raised its position in shares of EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in EverCommerce during the 4th quarter valued at approximately $177,000. Finally, Los Angeles Capital Management LLC grew its stake in EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after buying an additional 34,979 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EVCM shares. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. The Goldman Sachs Group cut their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Weiss Ratings upgraded EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. Canaccord Genuity Group lowered their price target on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.71.

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.