EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,942 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,942 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.26, for a total value of $112,264.92. Following the sale, the chief executive officer now directly owns 7,822,380 shares in the company, valued at $80,257,618.80. This trade represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 value 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 value 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 value of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total transaction of $85,488.70.
• On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $53,835.84.
• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total transaction of $113,764.00.

EverCommerce Trading Down 3.0 %

EVCM opened at $10.09 on Friday. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. The stock has a fifty day moving average price of $11.17 and a 200-day moving average price of $10.90. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -36.03 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68.

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

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. JPMorgan Chase & Co. increased its position in shares of EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after purchasing an additional 63,139 shares in the last quarter. Barclays PLC increased its position in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after buying an additional 22,360 shares in the last quarter. State Street Corp raised its stake in EverCommerce by 2.4% in the third quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after buying an additional 12,156 shares during the last quarter. Janus Henderson Group PLC raised its stake in EverCommerce by 1.2% in the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after buying an additional 3,837 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in EverCommerce in the third quarter worth about $536,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

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

EverCommerce Company Profile

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.