EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $97,262.54 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,818 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $11.03, for a total transaction of $97,262.54. Following the sale, the chief executive officer now owns 7,961,663 shares in the company, valued at $87,817,142.89. This represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total transaction of $121,109.76.
• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The shares were sold at an average price of $11.04, for a total transaction of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total transaction of $106,492.67.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The shares were sold at an average price of $11.73, for a total transaction of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The shares were sold at an average price of $10.97, for a total transaction of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The shares were sold at an average price of $10.57, for a total transaction of $53,537.05.
• 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 transaction 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 stock was 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.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.87 on Friday. The firm’s 50 day simple moving average is $10.75 and its 200-day simple moving average is $10.60. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last issued 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 company had revenue of $176.26 million for the quarter, compared to analysts’ expectations of $174.87 million. The firm’s revenue was up .9% compared to the same quarter last year. Analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of EverCommerce during the third quarter valued at approximately $107,000. The Manufacturers Life Insurance Company boosted its stake in shares of EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after purchasing an additional 1,089 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of EverCommerce during the first quarter valued at approximately $123,000. Renaissance Technologies LLC boosted its stake in shares of EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in shares of EverCommerce during the third quarter valued at approximately $241,000. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Piper Sandler increased their price objective 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. Barclays increased their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Evercore ISI increased their price objective 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. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.