Key Points
- CEO Eric Richard Remer sold 8,700 shares on April 8 at an average price of $11.52 under a pre-arranged Rule 10b5-1 trading plan, part of a series of insider disposals throughout March–April totaling tens of thousands of shares.
- After the sale Remer still directly owns 2,972,523 shares (about $34.24 million), a 0.29% decrease in his position.
- EverCommerce trades around $11.41 (12‑month range $7.66–$14.41) with a market cap of ~$2.03B and an elevated P/E of 126.8; analysts have a consensus Hold rating and a $10.71 price target.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,700 shares of the firm's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $11.52, for a total transaction of $100,224.00. Following the transaction, the chief executive officer directly owned 2,972,523 shares in the company, valued at approximately $34,243,464.96. The trade was a 0.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The shares were sold at an average price of $11.38, for a total transaction of $119,490.00.
- On Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $88,916.12.
- 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 shares were sold at an average price of $11.06, for a total transaction 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 transaction 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 transaction of $29,075.84.
- 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 shares were 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 shares were sold at an average price of $11.87, for a total transaction of $131,127.89.
EverCommerce Stock Performance
NASDAQ:EVCM opened at $11.41 on Friday. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month 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 company has a 50-day moving average of $11.07 and a 200-day moving average of $11.05. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 126.79, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01.
EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data 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). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The business had revenue of $151.15 million for the quarter, compared to the consensus estimate of $150.06 million. During the same quarter last year, the business posted ($0.07) EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. Analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. Federated Hermes Inc. boosted its holdings in shares of EverCommerce by 118.3% in the third 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 period. State of Alaska Department of Revenue acquired a new position in shares of EverCommerce in the third quarter worth about $91,000. R Squared Ltd acquired a new position in shares of EverCommerce in the third quarter worth about $122,000. Prudential Financial Inc. boosted its holdings in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after buying an additional 1,190 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in shares of EverCommerce in the second quarter worth about $168,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on EVCM. Weiss Ratings upgraded shares of EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Oppenheimer restated an "outperform" rating on shares of EverCommerce in a research report on Friday, March 13th. The Goldman Sachs Group reduced their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Friday, March 13th. Finally, Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, EverCommerce has a consensus rating of "Hold" and a consensus price target of $10.71.
Get Our Latest Research Report on EVCM
About EverCommerce
(
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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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