EverCommerce (NASDAQ:EVCM) CEO Sells $32,838.30 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 3,210 shares of EverCommerce stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.23, for a total value of $32,838.30. Following the transaction, the chief executive officer owned 2,855,598 shares of the company's stock, valued at $29,212,767.54. The trade was a 0.11% 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 Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The stock was sold at an average price of $10.27, for a total value of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $76,030.80.
• On Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The shares were sold at an average price of $10.25, for a total value of $103,063.75.
• On Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The shares were sold at an average price of $9.66, for a total value of $88,340.70.
• 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 value 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 value 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 stock was 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.

EverCommerce Stock Up 1.0%

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EVCM stock opened at $10.45 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The firm's fifty day moving average is $11.21 and its 200 day moving average is $11.02. The firm has a market cap of $1.85 billion, a PE ratio of 61.47, a P/E/G ratio of 2.35 and a beta of 0.94.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The firm had revenue of $147.47 million for the quarter, compared to analysts' expectations of $147.18 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that EverCommerce Inc. will post 0.23 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of EverCommerce by 202.9% in the first quarter. Bank of America Corp DE now owns 47,848 shares of the company's stock worth $547,000 after acquiring an additional 32,053 shares during the last quarter. Quantinno Capital Management LP raised its stake in EverCommerce by 117.7% in the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company's stock valued at $552,000 after purchasing an additional 26,109 shares during the last quarter. XTX Topco Ltd raised its stake in EverCommerce by 110.4% in the 4th quarter. XTX Topco Ltd now owns 51,877 shares of the company's stock valued at $628,000 after purchasing an additional 27,224 shares during the last quarter. Barclays PLC lifted its holdings in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company's stock valued at $277,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company's stock valued at $198,000 after purchasing an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on EVCM. Oppenheimer reissued an "outperform" rating on shares of EverCommerce in a report on Friday, March 13th. Canaccord Genuity Group upped their target price on EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating on the stock in a research note on Friday, March 13th. Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a report on Friday, March 13th. Finally, 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. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.25.

Check Out 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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