Eric Richard Remer Sells 7,786 Shares of EverCommerce (NASDAQ:EVCM) Stock
by Sarita Garza · The Markets DailyEverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 7,786 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $11.42, for a total value of $88,916.12. Following the completion of the transaction, the chief executive officer owned 2,991,723 shares in the company, valued at $34,165,476.66. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The stock was sold at an average price of $11.53, for a total value of $131,603.42.
- On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total value of $29,895.18.
- On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The shares were sold at an average price of $10.79, for a total value of $178,002.63.
- On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total value of $29,075.84.
- On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The stock was sold at an average price of $10.31, for a total value of $168,094.24.
- On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The shares were sold at an average price of $12.13, for a total transaction of $22,731.62.
- On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The shares were sold at an average price of $12.05, for a total transaction of $75,661.95.
- On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total transaction of $131,127.89.
- On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total transaction of $219,456.00.
- On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The stock was sold at an average price of $10.52, for a total transaction of $120,874.80.
EverCommerce Stock Performance
Shares of NASDAQ EVCM opened at $11.71 on Friday. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market capitalization of $2.08 billion, a P/E ratio of 130.13, a P/E/G ratio of 2.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11. The company’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $11.05.
EverCommerce (NASDAQ:EVCM – Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.EverCommerce’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. On average, analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.
Institutional Investors Weigh In On EverCommerce
Several large investors have recently made changes to their positions in EVCM. XTX Topco Ltd raised its holdings in shares of EverCommerce by 110.4% during the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after acquiring an additional 27,224 shares during the period. Barclays PLC boosted its stake in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares during the period. Wells Fargo & Company MN increased its holdings in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in EverCommerce during the 4th quarter worth about $177,000. Finally, Los Angeles Capital Management LLC raised its stake 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 purchasing an additional 34,979 shares during the period. Institutional investors own 97.91% of the company’s stock.
Wall Street Analysts Forecast Growth
EVCM has been the subject of a number of recent analyst reports. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. The Goldman Sachs Group lowered their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Royal Bank Of Canada cut 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 report on Friday, March 13th. Finally, Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.71.
EverCommerce Company Profile
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.