Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 11,992 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 11,992 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $11.17, for a total transaction of $133,950.64. Following the completion of the transaction, the chief executive officer directly owned 2,902,931 shares of the company’s stock, valued at approximately $32,425,739.27. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, 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 transaction of $77,269.76.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $63,559.65.
  • On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total transaction of $65,261.57.
  • On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total transaction of $99,955.94.
  • On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total transaction of $19,120.08.
  • On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The stock was sold at an average price of $11.96, for a total transaction of $67,023.84.
  • On Tuesday, April 14th, Eric Richard Remer sold 12,000 shares of EverCommerce stock. The stock was sold at an average price of $11.77, for a total transaction of $141,240.00.

EverCommerce Stock Up 6.9%

Shares of EverCommerce stock traded up $0.76 during trading hours on Thursday, reaching $11.79. 84,743 shares of the company’s stock were exchanged, compared to its average volume of 138,859. The company has a 50 day moving average of $11.47 and a two-hundred day moving average of $11.10. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.72. The stock has a market cap of $2.09 billion, a P/E ratio of 131.01, a P/E/G ratio of 2.43 and a beta of 0.94.

EverCommerce (NASDAQ:EVCMGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. On average, sell-side analysts forecast that EverCommerce Inc. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of research analyst reports. Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. The Goldman Sachs Group dropped their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Finally, Royal Bank Of Canada dropped their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.71.

Get Our Latest Analysis on EverCommerce

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVCM. JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% in 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. raised its holdings 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 acquiring an additional 4,576 shares during the period. Prudential Financial Inc. raised its holdings 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 acquiring an additional 1,190 shares during the period. Occudo Quantitative Strategies LP bought a new position in EverCommerce in the 2nd quarter valued at about $302,000. Finally, Lazard Asset Management LLC raised its holdings in EverCommerce by 5,995.2% in 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 owned by institutional investors.

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.

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