Key Points
- EverCommerce CEO Eric Richard Remer sold 12,100 shares at an average price of $11.27, generating $136,367. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 0.21% to 5.65 million shares.
- Remer has conducted multiple sales since June, selling more than 125,000 shares in total over the disclosed transactions. EverCommerce shares opened at $12.00, with the stock trading between $7.66 and $14.41 over the past year.
- The company’s latest quarterly results included revenue of $147.47 million, up 3.7% year over year, but earnings per share of $0.04 missed the $0.14 consensus estimate. Analysts’ average rating is Hold, with an average price target of $11.25.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 12,100 shares of the firm's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $11.27, for a total value of $136,367.00. Following the completion of the sale, the chief executive officer directly owned 5,648,151 shares of the company's stock, valued at $63,654,661.77. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.
- On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total value of $86,196.12.
- On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The shares were sold at an average price of $10.08, for a total value of $113,591.52.
- On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $193,290.00.
- On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The stock was sold at an average price of $10.68, for a total value of $184,710.60.
- On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total transaction of $146,372.00.
- On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The shares were sold at an average price of $9.03, for a total transaction of $9,933.00.
- On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total transaction of $42,028.20.
- On Wednesday, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The stock was sold at an average price of $9.15, for a total transaction of $68,780.55.
- On Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The stock was sold at an average price of $9.08, for a total transaction of $106,081.64.
EverCommerce Trading Up 1.5%
Shares of EverCommerce stock opened at $12.00 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 70.59, a PEG ratio of 1.06 and a beta of 0.93. The firm's 50 day simple moving average is $10.19 and its two-hundred day simple moving average is $10.93.
EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Analysts predict that EverCommerce Inc. will post 0.57 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. CoreCap Advisors LLC purchased a new stake in EverCommerce in the second quarter valued at $2,716,000. Tudor Investment Corp ET AL raised its stake 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 valued at $1,397,000 after buying an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock valued at $1,107,000 after buying an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $1,266,000 after buying an additional 50,854 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock valued at $749,000 after buying an additional 34,979 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have weighed in on EVCM shares. Weiss Ratings downgraded EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Canaccord Genuity Group upped their target price on EverCommerce from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of EverCommerce from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 14th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $11.25.
Get 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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