TSX gains after CPI shows US inflation rose 3%
EverCommerce Inc. NASDAQ:EVCM Chief Executive Officer Eric Richard Remer sold 19,200 shares of the company’s common stock on October 21 and 22, 2025, for approximately $219,451. The transaction comes as the $2.1 billion market cap company trades near its 52-week high of $12.34, with InvestingPro data showing a "GOOD" overall financial health score.
The sales were executed in two separate transactions. On October 21, Remer sold 11,735 shares at a weighted average price of $11.4357, with prices ranging from $11.175 to $11.545. The total value of this transaction was approximately $134,200. On October 22, he sold 7,465 shares at a weighted average price of $11.4204, with prices ranging from $11.325 to $11.53, for a total value of approximately $85,251. The company is scheduled to report its next earnings on November 6, with analysts expecting improved profitability this year.
Following these transactions, Remer directly owns 3,011,924 shares of EverCommerce Inc. common stock. He also indirectly owns shares through Buckrail Partners, LLC (5,148,663 shares), the EMJ Remer Family Trust (1,000,000 shares), the Remer Family Trust (35,000 shares), and Family Trust 1 (28,999 shares).
The sales were conducted under a Rule 10b5-1 trading plan established on June 12, 2025.
In other recent news, EverCommerce Inc. reported its second-quarter results, showing a modest upside with revenue exceeding expectations by $2 million, or 1%, and EBITDA surpassing forecasts by $4.5 million. The company also completed the acquisition of ZyraTalk, an AI-powered customer engagement platform, which will enhance its service offerings in the Home & Field Services vertical, EverPro, with plans for broader application. Additionally, EverCommerce has refinanced its $529.4 million term loan facility and extended the maturity of $125 million in revolving credit commitments. The refinancing involved replacing the existing term loan with a new class of Term B-2 Loans, extending the maturity by three years to July 6, 2031, and reducing the interest rate by 25 basis points.
In analyst activity, Barclays downgraded EverCommerce stock from Equalweight to Underweight, citing concerns over slowing revenue growth and declining retention rates. Conversely, Piper Sandler raised its price target for the company to $10.00 from $9.00, maintaining a Neutral rating, based on cross-sell potential. These developments indicate varied perspectives on EverCommerce’s financial outlook and strategic moves.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.