Stock Track | EverCommerce Plunges 15.27% in Pre-Market on Weak Q2 Guidance and CEO Share Sale
Stock Track
May 08
EverCommerce Inc. (EVCM) shares plummeted 15.27% in pre-market trading, extending a sharp decline from the previous session.
The sell-off follows the company's disappointing second-quarter outlook. EverCommerce issued Q2 revenue guidance of $150.5 million to $153.5 million, falling short of the analyst consensus estimate of $154.8 million. Furthermore, its forecast for adjusted EBITDA of $41 million to $43 million missed the expected $46.5 million.
Adding to investor concerns, regulatory filings revealed that CEO Eric Remer sold 19,200 shares in the days leading up to the announcement. Although executed under a pre-arranged trading plan, the transaction contributed to the negative sentiment surrounding the stock.
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