Eric Richard Remer Sells 13,534 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,534 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $11.27, for a total transaction of $152,528.18. Following the completion of the sale, the chief executive officer owned 2,979,190 shares in the company, valued at approximately $33,575,471.30. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total value of $64,422.42.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $125,268.11.
• On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The stock was sold at an average price of $12.08, for a total transaction of $103,368.56.
• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $85,250.30.
• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The stock was sold at an average price of $11.44, for a total transaction of $134,248.40.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.86, for a total value of $208,512.00.
• On Tuesday, October 7th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.05, for a total value of $212,160.00.
• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value of $49,986.72.
• On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The stock was sold at an average price of $11.13, for a total value of $163,210.32.
• On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The shares were sold at an average price of $11.65, for a total value of $4,986.20.

EverCommerce Stock Down 19.3%

EverCommerce stock opened at $9.35 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.37 and a current ratio of 2.37. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $12.34. The firm has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $10.81. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -934.07, a PEG ratio of 6.68 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. EverCommerce had a negative net margin of 0.11% and a positive return on equity of 0.04%. The company had revenue of $148.02 million during the quarter, compared to analysts’ expectations of $145.80 million. During the same period in the prior year, the company posted ($0.02) earnings per share. EverCommerce’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EVCM shares. Lake Street Capital set a $11.00 price target on EverCommerce in a report on Tuesday, October 14th. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Piper Sandler lifted their target price on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, EverCommerce currently has an average rating of “Hold” and an average price target of $11.56.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently modified their holdings of EVCM. Federated Hermes Inc. lifted its holdings in shares of EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in EverCommerce during the third quarter worth $91,000. Deutsche Bank AG lifted its stake in shares of EverCommerce by 141.9% in the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after buying an additional 5,770 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of EverCommerce during the first quarter valued at about $102,000. Finally, Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

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.