EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,464 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,464 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $12.06, for a total value of $53,835.84. Following the completion of the sale, the chief executive officer now owns 7,921,059 shares in the company, valued at approximately $95,527,971.54. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total transaction of $113,764.00.
• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total value of $121,109.76.
• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The stock was sold at an average price of $11.03, for a total value of $97,262.54.
• 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 stock was sold at an average price of $12.01, for a total value of $106,492.67.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was 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 value of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The stock was 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 value of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00.

EverCommerce Trading Down 0.6 %

EverCommerce stock traded down $0.07 during trading hours on Thursday, reaching $12.02. 54,495 shares of the company’s stock were exchanged, compared to its average volume of 138,598. The firm’s 50 day simple moving average is $11.19 and its 200 day simple moving average is $10.77. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month 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. The firm has a market capitalization of $2.21 billion, a PE ratio of -42.93 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 business had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EVCM shares. Royal Bank of Canada increased their target price on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. JMP Securities lifted their target price 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. Oppenheimer upped their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Barclays lifted their price target on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, EverCommerce has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Institutional Trading of EverCommerce

Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares during the period. Renaissance Technologies LLC boosted its position in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after buying an additional 3,837 shares during the period. Bank of New York Mellon Corp increased its position in EverCommerce by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after buying an additional 9,595 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in EverCommerce during the 3rd quarter worth approximately $107,000. 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.