Key Points
- EverCommerce CEO Eric Richard Remer sold 24,802 shares at an average price of $9.87, generating proceeds of approximately $244,796. The transaction, conducted under a Rule 10b5-1 plan, reduced his direct ownership by 0.44% to 5.55 million shares.
- Remer has made multiple additional sales since July, including 17,285 shares on August 13 and 25,252 shares on August 11, indicating a sustained pattern of insider selling.
- EverCommerce recently missed quarterly EPS estimates, reporting $0.05 versus the expected $0.15, while revenue rose 2.7% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $11.00, compared with shares trading near $10.11.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 17,285 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $10.00, for a total transaction of $172,850.00. Following the completion of the sale, the chief executive officer owned 5,535,312 shares of the company's stock, valued at approximately $55,353,120. The trade was a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $244,795.74.
- On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total value of $249,742.28.
- On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The shares were sold at an average price of $11.83, for a total value of $68,105.31.
- On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $159,299.55.
- On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was sold at an average price of $11.97, for a total value of $104,246.73.
- On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total value of $126,626.37.
- On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total value of $136,367.00.
- On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction 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 transaction of $86,196.12.
- On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The stock was sold at an average price of $10.08, for a total transaction of $113,591.52.
EverCommerce Stock Up 1.4%
EVCM stock opened at $10.11 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The firm has a market cap of $1.79 billion, a PE ratio of 56.17, a PEG ratio of 0.89 and a beta of 0.91. The firm's 50 day moving average price is $10.35 and its 200-day moving average price is $10.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The business had revenue of $152.02 million during the quarter, compared to analysts' expectations of $152.29 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that EverCommerce Inc. will post 0.57 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on EverCommerce from $8.50 to $10.00 and gave the company an "underweight" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated 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 research note on Tuesday, May 26th. Wall Street Zen lowered shares of EverCommerce from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 14th. Finally, Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, EverCommerce presently has a consensus rating of "Hold" and a consensus price target of $11.00.
View Our Latest Analysis on EVCM
Institutional Investors Weigh In On EverCommerce
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after buying an additional 1,190 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of EverCommerce during the 2nd quarter worth about $144,000. Oxford Asset Management LLP acquired a new position in shares of EverCommerce during the 2nd quarter worth about $168,000. BNP Paribas Financial Markets increased its holdings in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company's stock valued at $171,000 after acquiring an additional 13,734 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce during the 4th quarter worth about $177,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.
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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