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DENVER—Eric Richard Remer, the Chief Executive Officer of EverCommerce Inc. (NASDAQ:EVCM), a $1.84 billion market cap company with a GOOD financial health score according to InvestingPro, has sold a significant portion of his common stock holdings in the company. According to a recent SEC filing, Remer sold a total of 24,500 shares over three consecutive days, from April 15 to April 17, 2025.
The transactions occurred at prices ranging from $10.0196 to $10.0292 per share, resulting in total proceeds of approximately $245,574. The sales were executed as part of a pre-established Rule 10b5-1 trading plan, which was put in place on June 14, 2024. The company currently trades at an EV/EBITDA multiple of 18.75x.
Following these transactions, Remer retains ownership of 7,536,163 shares through Buckrail Partners, LLC. Additionally, he holds shares indirectly through various family trusts, including the EMJ Remer Family Trust and the Remer Family Trust.
These transactions reflect Remer’s ongoing management of his investment portfolio, with the sales being executed in accordance with regulatory guidelines.
In other recent news, EverCommerce Inc. reported its fourth-quarter 2024 earnings with revenue surpassing expectations at $175 million, though the company faced a wider-than-anticipated loss per share of $0.07. This comes as EverCommerce plans to divest its Marketing Technology (MarTech) segment in 2025, which contributed $136.7 million in revenue for the 2024 calendar year. Piper Sandler revised its price target for EverCommerce to $9, maintaining a Neutral stance, while RBC Capital Markets adjusted its target to $11, reflecting the exclusion of MarTech contributions from future guidance. Citizens JMP maintained a $15 price target with a Market Outperform rating, expressing confidence in the company’s strategic simplification.
EverCommerce’s full-year 2024 pro forma revenue showed a 5.7% growth, with a subscription and transaction revenue increase of 4.2% to $139 million. The company highlighted strong growth in these areas and emphasized its strategic focus on AI-driven workflows and product integrations. RBC Capital Markets noted that despite the divestiture, EverCommerce’s underlying business trends remain stable to positive, with an anticipated 5% year-over-year revenue growth. The company’s strategic focus will shift towards the EverPro and EverHealth segments following the MarTech sale, potentially leading to stronger growth outcomes.
Piper Sandler analyst Clarke Jeffries pointed out that while the MarTech sale might enhance long-term margins, growth challenges persist, with mid-single-digit subscription and transaction revenue growth expected for fiscal year 2025. EverCommerce’s guidance for 2025 includes revenue projections between $581 million and $601 million, with adjusted EBITDA ranging from $167.5 million to $175.5 million. The strategic adjustments and focus on core business growth and profitability are seen as positive steps by analysts, including Citizens JMP, who believe these moves will improve the company’s financial performance and market position.
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