Key Points
- EverCommerce CEO Eric Richard Remer sold 4,500 shares on May 28 at an average price of $10.75, totaling $48,375. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The CEO has been actively reducing his stake in recent weeks, with several additional share sales reported in May and late April. After the latest sale, he still owned 2,822,626 shares worth about $30.3 million.
- EverCommerce shares were trading around $11.09, up 4.8%, while the company recently reported quarterly earnings of $0.04 per share, missing estimates but slightly beating revenue expectations. Analysts currently have a consensus Hold rating with a $11.25 price target.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,500 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $10.75, for a total transaction of $48,375.00. Following the completion of the sale, the chief executive officer directly owned 2,822,626 shares in the company, valued at $30,343,229.50. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total transaction of $62,906.22.
- On Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $92,321.08.
- On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The shares were sold at an average price of $10.23, for a total transaction of $32,838.30.
- On Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The shares were sold at an average price of $10.27, for a total transaction of $87,664.72.
- On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction 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 transaction 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 transaction of $88,340.70.
- On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The shares were 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 shares were 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.
EverCommerce Trading Up 4.8%
Shares of EVCM opened at $11.09 on Friday. The firm's 50 day simple moving average is $11.19 and its 200 day simple moving average is $11.00. The company has a market capitalization of $1.96 billion, a P/E ratio of 65.24, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its 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). The company had revenue of $147.47 million during the quarter, compared to analysts' expectations of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. Sell-side analysts forecast that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company's stock worth $277,000 after buying an additional 1,101 shares during the period. Prudential Financial Inc. increased its stake 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. Federated Hermes Inc. increased its stake 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. American Century Companies Inc. increased 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 buying an additional 4,576 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company's stock worth $198,000 after buying an additional 7,085 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on EVCM shares. Canaccord Genuity Group increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings lowered shares of EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada reduced their target price on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating on the stock in a report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $11.25.
Get 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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