EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 5,065 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,065 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $10.57, for a total transaction of $53,537.05. Following the sale, the chief executive officer now directly owns 8,050,475 shares of the company’s stock, valued at $85,093,520.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total value of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The stock was sold at an average price of $10.37, for a total transaction of $43,554.00.
• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total transaction of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total transaction of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total transaction of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value of $72,358.41.
• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $75,888.31.
• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $110,224.59.

EverCommerce Stock Down 1.6 %

Shares of EVCM stock traded down $0.17 during trading hours on Thursday, hitting $10.52. 74,850 shares of the company were exchanged, compared to its average volume of 140,864. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -45.74 and a beta of 1.08. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The business’s 50-day simple moving average is $10.43 and its two-hundred day simple moving average is $10.35.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The firm had revenue of $177.39 million during the quarter, compared to analyst estimates of $171.88 million. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts predict that EverCommerce Inc. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on EVCM. Evercore ISI boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.45.

Institutional Trading of EverCommerce

Several institutional investors have recently added to or reduced their stakes in EVCM. SG Americas Securities LLC bought a new position in shares of EverCommerce in the 3rd quarter worth about $107,000. The Manufacturers Life Insurance Company raised its stake in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares during the period. Edgestream Partners L.P. acquired a new stake in EverCommerce during the first quarter worth about $123,000. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 2,700 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new position in EverCommerce in the first quarter valued at approximately $242,000. Institutional investors own 97.91% of the company’s stock.

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.