EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,200 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,200 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00. Following the completion of the sale, the chief executive officer now owns 8,068,540 shares in the company, valued at approximately $83,670,759.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 shares were 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 value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The shares were sold at an average price of $10.47, for a total value 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 shares were sold at an average price of $10.69, for a total value of $110,224.59.

EverCommerce Stock Performance

Shares of EVCM opened at $10.42 on Friday. The stock has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.31. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -45.30 and a beta of 1.08. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35.

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

Hedge Funds Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. DekaBank Deutsche Girozentrale purchased a new stake in EverCommerce in the third quarter valued at approximately $570,000. SG Americas Securities LLC purchased a new stake in EverCommerce in the third quarter valued at approximately $107,000. The Manufacturers Life Insurance Company lifted 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 buying an additional 1,089 shares during the last quarter. Millennium Management LLC lifted its stake in EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after buying an additional 281,551 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after buying an additional 44,378 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.