Key Points
- EverCommerce CEO Eric Richard Remer sold 10,055 shares on May 12 for about $103,063.75 as part of a pre-arranged Rule 10b5-1 trading plan. He still held 2,885,668 shares afterward, a small 0.35% decrease in ownership.
- Remer has made multiple recent insider sales, including several transactions in late April and early May. The repeated selling may be worth noting, though the article does not indicate any unusual reason beyond the trading plan.
- EverCommerce shares were down 4.1% and the company’s latest earnings missed EPS expectations, reporting $0.04 per share versus $0.14 expected. Revenue was roughly in line at $147.47 million, while analysts currently rate the stock a consensus Hold.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 9,145 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $9.66, for a total transaction of $88,340.70. Following the sale, the chief executive officer owned 2,876,523 shares of the company's stock, valued at $27,787,212.18. This represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The stock was sold at an average price of $10.25, for a total transaction of $103,063.75.
- On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The stock was sold at an average price of $10.72, for a total transaction of $77,269.76.
- On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total transaction of $133,950.64.
- On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The shares were sold at an average price of $11.49, for a total transaction of $67,411.83.
- On Wednesday, April 29th, Eric Richard Remer sold 7,766 shares of EverCommerce stock. The shares were sold at an average price of $11.51, for a total transaction of $89,386.66.
- On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The shares were sold at an average price of $11.84, for a total transaction of $65,913.28.
- On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The shares were sold at an average price of $11.55, for a total transaction of $63,559.65.
- On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total transaction 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 transaction 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 transaction of $19,120.08.
EverCommerce Price Performance
Shares of EVCM opened at $9.70 on Thursday. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The stock has a market cap of $1.72 billion, a PE ratio of 57.06, a P/E/G ratio of 2.29 and a beta of 0.94. The firm has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $11.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.11.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. EverCommerce's revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that EverCommerce Inc. will post 0.23 EPS for the current year.
Institutional Trading of EverCommerce
Several institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL lifted its position in shares of EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock worth $1,397,000 after buying an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock worth $1,107,000 after buying an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock worth $749,000 after buying an additional 34,979 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of EverCommerce by 110.4% during the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company's stock worth $628,000 after buying an additional 27,224 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. The Goldman Sachs Group dropped their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 13th. Canaccord Genuity Group lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday. Wall Street Zen upgraded shares of EverCommerce from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Finally, Citizens Jmp downgraded shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research note on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, EverCommerce has a consensus rating of "Hold" and a consensus price target of $11.25.
Read Our Latest Stock Report 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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