EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 1,425 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 1,425 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $10.00, for a total value of $14,250.00. Following the transaction, the chief executive officer now directly owns 5,438,163 shares in the company, valued at $54,381,630. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $123,333.60.
• On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The shares were sold at an average price of $9.96, for a total transaction of $107,597.88.
• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total value of $15,218.62.
• On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total value of $260,319.94.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $24,602.40.
• On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total transaction of $106,557.02.
• On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $71,482.68.
• On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total transaction of $83,910.98.
• On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The shares were sold at an average price of $9.41, for a total transaction of $76,682.09.

EverCommerce Trading Down 0.1%

NASDAQ EVCM opened at $10.05 on Friday. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35. The firm has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.54. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.83 billion, a PE ratio of -35.89 and a beta of 1.07.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The business’s revenue for the quarter was down 16.3% on a year-over-year basis. As a group, research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after purchasing an additional 110,183 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after buying an additional 106,359 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in EverCommerce in the fourth quarter valued at $694,000. Arrowstreet Capital Limited Partnership boosted its stake in EverCommerce by 84.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock valued at $1,468,000 after acquiring an additional 61,144 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of EverCommerce by 48.6% during the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock worth $1,695,000 after purchasing an additional 49,745 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on EVCM shares. Canaccord Genuity Group raised their price target on EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Royal Bank of Canada lowered their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Barclays raised their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. The Goldman Sachs Group cut their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 14th. Finally, Jefferies Financial Group decreased their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.36.

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.