Key Points
- CEO insider sales: EverCommerce CEO Eric Richard Remer sold 5,503 shares on April 23 at an average of $11.55 under a pre-arranged Rule 10b5-1 plan and has made multiple sales in March–April, trimming his stake by 0.19% to 2,934,123 shares.
- Stock performance & earnings: EVCM opened at $11.36 and was down about 5.3%; the company reported Q1 EPS of $0.03 (missed $0.04 est.) with $151.15M revenue, and analysts' consensus is a "Hold" with a $10.71 price target.
- Valuation and ownership: EverCommerce has a market cap of roughly $2.02B, a P/E of 126.24, and institutional/hedge funds own about 97.9% of the stock.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 5,503 shares of the business's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $11.55, for a total value of $63,559.65. Following the completion of the transaction, the chief executive officer directly owned 2,934,123 shares of the company's stock, valued at approximately $33,889,120.65. This trade represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total value of $65,261.57.
- On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The shares were sold at an average price of $12.11, for a total value of $99,955.94.
- On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The shares were sold at an average price of $11.98, for a total value of $19,120.08.
- On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The shares were 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 value 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 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 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 transaction of $29,895.18.
EverCommerce Stock Down 5.3%
EVCM opened at $11.36 on Friday. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The company has a fifty day moving average of $11.26 and a two-hundred day moving average of $11.08. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 126.24, a PEG ratio of 2.65 and a beta of 1.01.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data 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). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The firm had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same quarter last year, the company posted ($0.07) EPS. The company's revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that EverCommerce Inc. will post 0.23 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Canaccord Genuity Group lowered their price target on EverCommerce from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, March 13th. Weiss Ratings raised EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Friday, March 13th. Raymond James Financial lowered EverCommerce from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Citizens Jmp cut shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research note on Friday, March 13th. Finally, Wall Street Zen raised shares of EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.71.
View Our Latest Analysis on EverCommerce
Hedge Funds Weigh In On EverCommerce
A number of hedge funds have recently made changes to their positions in EVCM. JPMorgan Chase & Co. lifted its position in shares of EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock valued at $1,107,000 after acquiring an additional 11,996 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock worth $290,000 after acquiring an additional 4,576 shares during the last quarter. Prudential Financial Inc. increased its position in shares of 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 purchasing an additional 1,190 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in EverCommerce in the 2nd quarter valued at $302,000. Finally, Lazard Asset Management LLC raised its stake in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock valued at $523,000 after purchasing an additional 49,041 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.
About EverCommerce
(
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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