Key Points
- EverCommerce CEO Eric Richard Remer sold 12,000 shares on April 14 at an average of $11.77 (≈$141,240) as part of a broader series of insider sales executed under a pre‑arranged Rule 10b5‑1 trading plan, trimming his stake to 2,960,523 shares (≈$34.85M), a 0.40% decrease.
- Company fundamentals and sentiment are mixed: EverCommerce has a market cap of ≈$2.13B and a high trailing P/E (~133), its latest quarter missed EPS ( $0.03 vs. $0.04 est.) despite revenue growth, and analysts have an average rating of “Hold” with an average price target of $10.71.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 1,596 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $11.98, for a total transaction of $19,120.08. Following the sale, the chief executive officer directly owned 2,953,323 shares of the company's stock, valued at $35,380,809.54. This represents a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 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 value 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.
- On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $100,224.00.
- On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The stock was 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 stock was 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 stock was 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 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 stock was 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 shares were sold at an average price of $10.31, for a total value of $168,094.24.
EverCommerce Stock Down 0.2%
EVCM stock opened at $11.98 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $11.10 and a two-hundred day moving average price of $11.05. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 133.13, a P/E/G ratio of 2.65 and a beta of 1.01. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $151.15 million for the quarter, compared to the consensus estimate of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. Analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.
Institutional Trading of EverCommerce
A number of hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. boosted its holdings 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 period. State of Alaska Department of Revenue bought a new position in EverCommerce in the 3rd quarter valued at about $91,000. R Squared Ltd bought a new position in EverCommerce in the 3rd quarter valued at about $122,000. Prudential Financial Inc. lifted its position in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after acquiring an additional 1,190 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of EverCommerce during the fourth quarter worth approximately $177,000. Institutional investors and hedge funds own 97.91% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on EVCM shares. Citizens Jmp cut shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research note on Friday, March 13th. Raymond James Financial lowered shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Weiss Ratings raised shares of EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 13th. Oppenheimer reiterated an "outperform" rating on shares of EverCommerce in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Two 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.71.
Check Out Our Latest 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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