EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $75,445.35 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,507 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $10.05, for a total transaction of $75,445.35. Following the completion of the sale, the chief executive officer now directly owns 7,814,873 shares of the company’s stock, valued at $78,539,473.65. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric Richard Remer also recently made the following trade(s):

• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The shares were sold at an average price of $10.12, for a total transaction of $113,344.00.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total transaction of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total value of $92,516.16.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The shares were sold at an average price of $10.21, for a total value of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The stock was sold at an average price of $10.39, for a total value of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The shares were sold at an average price of $10.15, for a total transaction of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total transaction of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The shares were sold at an average price of $11.22, for a total transaction of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total transaction of $85,488.70.

EverCommerce Stock Performance

NASDAQ EVCM opened at $10.31 on Friday. The company’s fifty day moving average is $10.94 and its two-hundred day moving average is $10.83. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -36.82 and a beta of 1.13. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of EverCommerce in the 3rd quarter valued at $107,000. The Manufacturers Life Insurance Company increased its stake in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the period. Renaissance Technologies LLC raised its position in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares in the last quarter. RIA Advisory Group LLC bought a new position in EverCommerce during the third quarter worth about $241,000. Finally, Barclays PLC boosted its holdings in EverCommerce by 305.6% during the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EVCM has been the subject of several recent analyst reports. Oppenheimer upped their price target on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. JMP Securities upped their target price on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price target on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, EverCommerce currently has an average rating of “Moderate Buy” and a consensus target price of $12.56.

About EverCommerce

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.