EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 14,664 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 14,664 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $11.13, for a total value of $163,210.32. Following the sale, the chief executive officer directly owned 3,074,060 shares in the company, valued at approximately $34,214,287.80. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $49,986.72.
• 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 transaction of $4,986.20.
• On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The stock was sold at an average price of $11.71, for a total transaction of $219,820.12.
• On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The stock was sold at an average price of $11.86, for a total transaction of $48,993.66.
• On Tuesday, September 16th, Eric Richard Remer sold 15,069 shares of EverCommerce stock. The shares were sold at an average price of $11.85, for a total value of $178,567.65.
• On Wednesday, September 3rd, Eric Richard Remer sold 4,079 shares of EverCommerce stock. The stock was sold at an average price of $11.13, for a total value of $45,399.27.
• On Tuesday, September 2nd, Eric Richard Remer sold 20,421 shares of EverCommerce stock. The stock was sold at an average price of $11.23, for a total value of $229,327.83.
• On Wednesday, August 13th, Eric Richard Remer sold 2,361 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total value of $25,262.70.
• On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The stock was sold at an average price of $10.54, for a total value of $233,345.06.
• On Wednesday, August 6th, Eric Richard Remer sold 12,068 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total value of $122,610.88.

EverCommerce Price Performance

EverCommerce stock opened at $10.84 on Thursday. The stock has a market capitalization of $1.97 billion, a P/E ratio of -90.33, a P/E/G ratio of 9.63 and a beta of 1.05. The company’s fifty day moving average price is $11.25 and its 200 day moving average price is $10.58. 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 1 year low of $8.10 and a 1 year high of $12.34.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $148.02 million for the quarter, compared to the consensus estimate of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share. As a group, equities research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EVCM. Piper Sandler lifted their price target on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Zacks Research raised shares of EverCommerce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $13.00 price target (up from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, EverCommerce currently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Institutional Investors Weigh In On EverCommerce

Large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new position in shares of EverCommerce during the second quarter valued at $595,000. Oxford Asset Management LLP acquired a new position in EverCommerce during the 2nd quarter valued at about $168,000. Lazard Asset Management LLC grew its position in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after purchasing an additional 49,041 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in EverCommerce in the 2nd quarter worth about $302,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after purchasing an additional 547,712 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

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.