Key Points
- EverCommerce CEO Eric Richard Remer sold 16,304 shares on March 17 for $168,094.24, trimming his stake by 0.64% to 2,536,613 shares valued at about $26.15 million, and has made numerous other insider sales across February–March.
- Q1 results showed EPS of $0.03 versus a $0.04 consensus (a miss) with revenue of $151.15 million, up 5.2% year-over-year; the stock trades at a market cap of $1.79 billion and a high P/E of 111.9.
- Analyst sentiment is mixed-to-cautious with an average rating of "Hold" and a $10.71 target; several firms cut ratings or targets (Goldman Sachs to "sell" and $8.00), while two analysts still have Buy ratings.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 2,896 shares of the stock in a transaction 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 $25,438,518.68. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
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 value 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 stock was 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 shares were 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 stock was 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 transaction of $79,335.90.
- On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $90,853.35.
- On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $111,925.80.
- On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $85,742.82.
EverCommerce Price Performance
Shares of EVCM traded up $0.33 on Thursday, reaching $10.40. The stock had a trading volume of 4,290 shares, compared to its average volume of 146,903. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The firm has a market capitalization of $1.85 billion, a PE ratio of 115.57, a PEG ratio of 2.04 and a beta of 1.04. The firm has a 50-day moving average of $11.35 and a 200 day moving average of $11.07. 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 (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. Sell-side analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Canaccord Genuity Group decreased their price objective on shares of EverCommerce from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, March 13th. Zacks Research cut shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 12th. Oppenheimer reaffirmed an "outperform" rating on shares of EverCommerce in a report on Friday, March 13th. Raymond James Financial lowered shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada dropped 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. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, EverCommerce has an average rating of "Hold" and an average target price of $10.71.
Read Our Latest Analysis on EVCM
Institutional Trading of EverCommerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its position in EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after purchasing an additional 547,712 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock worth $1,397,000 after purchasing an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock worth $1,107,000 after buying an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company's stock worth $1,266,000 after buying an additional 50,854 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock valued at $749,000 after buying an additional 34,979 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.
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