Key Points
- EverCommerce CEO Eric Richard Remer sold 16,497 shares on March 24 for $178,002.63, trimming his stake by 0.65% to 2,517,220 shares valued at about $27.16 million (SEC filing disclosed).
- Remer has been consistently selling blocks of stock in recent weeks — totaling more than $1.14 million in transactions since February 18 — indicating ongoing insider liquidations.
- Shares were up about 7.5% to $11.63 that day; the company recently reported a slight EPS miss ($0.03 vs. $0.04 consensus) with a modest revenue beat, and analysts have an average rating of "Hold" and a $10.71 consensus target.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 2,703 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $11.06, for a total value of $29,895.18. Following the transaction, the chief executive officer owned 2,514,517 shares in the company, valued at approximately $27,810,558.02. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The shares were sold at an average price of $10.79, for a total value of $178,002.63.
- On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total value of $29,075.84.
- On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The stock was 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 value 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 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 shares were 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 stock was 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.
EverCommerce Stock Performance
Shares of NASDAQ:EVCM opened at $11.63 on Thursday. The company's 50 day moving average price is $11.24 and its two-hundred day moving average price is $11.05. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The firm has a market cap of $2.07 billion, a PE ratio of 129.24, a PEG ratio of 2.39 and a beta of 1.04. 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 released its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in EVCM. Arrowstreet Capital Limited Partnership lifted its stake in EverCommerce by 328.4% during the second 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 during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock valued at $1,397,000 after purchasing an additional 83,794 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of EverCommerce in the 2nd quarter valued at $595,000. Goldman Sachs Group Inc. raised its holdings in shares of EverCommerce by 94.7% during the 4th 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, Lazard Asset Management LLC raised its holdings in shares of EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after buying an additional 49,041 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Canaccord Genuity Group dropped their price objective on EverCommerce from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, March 13th. Wall Street Zen raised EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Raymond James Financial downgraded EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Citizens Jmp cut shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research report on Friday, March 13th. Finally, Zacks Research downgraded shares of 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.71.
Get Our Latest Stock Report on EverCommerce
EverCommerce Company Profile
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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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