Key Points
- EverCommerce CEO Eric Richard Remer sold 7,786 shares on April 1 at an average of $11.42 (≈$88,916) under a pre‑arranged Rule 10b5‑1 plan; he has executed multiple sales in March/February but still directly owns 2,991,723 shares (≈$34.17M), a 0.26% reduction in his position.
- The company reported quarterly EPS of $0.03 (missed by $0.01) while revenue of $151.15M slightly beat expectations and rose 5.2% year‑over‑year, though profitability remains slim (net margin 2.99%) and the stock trades at a high PE (~130).
- Analysts have trimmed coverage and price targets recently, leaving a consensus rating of Hold with an average price target of $10.71 after cuts from firms including Goldman Sachs and RBC.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 7,786 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $11.42, for a total transaction of $88,916.12. Following the completion of the sale, the chief executive officer directly owned 2,991,723 shares of the company's stock, valued at $34,165,476.66. The trade was a 0.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The shares were sold at an average price of $11.53, for a total transaction of $131,603.42.
- On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The stock was sold at an average price of $11.06, for a total value of $29,895.18.
- 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 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 stock was sold at an average price of $11.87, for a total value 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 value 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.
EverCommerce Stock Performance
NASDAQ:EVCM opened at $11.71 on Friday. The firm has a market capitalization of $2.08 billion, a PE ratio of 130.13, a PEG ratio of 2.54 and a beta of 1.00. The firm's fifty day simple moving average is $11.13 and its 200 day simple moving average is $11.06. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year 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.
EverCommerce (NASDAQ:EVCM - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $151.15 million during the quarter, compared to the consensus estimate 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 business posted ($0.07) EPS. On average, sell-side analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.
Hedge Funds Weigh In On EverCommerce
Several hedge funds have recently bought and sold shares of EVCM. Federated Hermes Inc. lifted its position in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock worth $34,000 after buying an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of EverCommerce in the third quarter worth $91,000. R Squared Ltd bought a new stake in shares of EverCommerce in the 3rd quarter valued at about $122,000. Prudential Financial Inc. increased its position 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 purchasing an additional 1,190 shares during the period. Finally, Oxford Asset Management LLP bought a new position in EverCommerce during the second quarter worth $168,000. 97.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on EVCM. Raymond James Financial cut EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. 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 report on Friday, March 13th. Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research note on Friday, March 13th. Finally, Royal Bank Of Canada decreased their price target 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.71.
Get Our Latest Stock Analysis on EVCM
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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