EverCommerce CEO Eric Remer sells $100k in stock

Eric Remer, the Chief Executive Officer of EverCommerce Inc. (NASDAQ:EVCM), a $1.79 billion market cap company that InvestingPro analysis suggests is currently undervalued, recently sold shares of the company in a transaction valued at approximately $100,422. The shares were sold at an average price of $9.6504, with the sales occurring on March 4, 2025.

In addition to the stock sale, Remer also disposed of shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs). On March 1, 2025, 3,689 shares were withheld at a price of $9.92, and on March 3, 2025, 8,910 shares were withheld at $9.73. These transactions were executed under a pre-established Rule 10b5-1 trading plan dated June 14, 2024. The company maintains strong liquidity with a current ratio of 1.81, indicating healthy ability to meet short-term obligations.

Following these transactions, Remer holds shares both directly and indirectly through various trusts, including Buckrail Partners, LLC, EMJ Remer Family Trust, Remer Family Trust, and Family Trust 1. With earnings scheduled for March 12, 2025, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports.

In other recent news, EverCommerce Inc. reported its financial results for the third quarter of 2024, achieving a revenue of $176.3 million, which represents a 0.9% increase from the previous year. The company also saw an expansion in its adjusted EBITDA margin by 140 basis points, reflecting a stable operational environment. Payments revenue grew by 6.7% year-over-year, with Total (EPA:TTEF) Payment Volume reaching $12.4 billion, up 8.4%. For the fourth quarter of 2024, EverCommerce has set a revenue guidance range of $168-$172 million and expects an adjusted EBITDA between $43-$46 million.

Additionally, EverCommerce announced changes to its Board of Directors, with Tanner Austin being appointed as a new Class III director following the resignation of John Marquis. Austin’s appointment adheres to the Stockholders Agreement with Providence Strategic Growth. In corporate governance news, Austin has opted out of the company’s Non-Employee Director Compensation Program but is expected to sign the standard indemnification agreement.

These developments come amid EverCommerce’s ongoing transformation and optimization initiatives, which include organizational restructuring and a focus on expanding its payments wallet share. The company continues to navigate the competitive landscape of prepackaged software services, aiming to drive long-term growth and profitability.

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