Eric Richard Remer Sells 13,552 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,552 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $9.97, for a total transaction of $135,113.44. Following the completion of the transaction, the chief executive officer now owns 7,646,915 shares of the company’s stock, valued at approximately $76,239,742.55. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The shares were sold at an average price of $9.06, for a total value of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total value of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total value of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total transaction of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total transaction of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total transaction of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The stock was sold at an average price of $10.12, for a total value of $113,344.00.

EverCommerce Stock Down 0.3 %

EVCM traded down $0.03 during trading on Thursday, hitting $9.99. 153,227 shares of the company’s stock were exchanged, compared to its average volume of 134,358. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The stock has a market cap of $1.83 billion, a P/E ratio of -35.68 and a beta of 1.12. The business’s 50 day moving average is $10.12 and its two-hundred day moving average is $10.69. 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 posted its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $175.00 million during the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. As a group, equities analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EVCM has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 14th. Oppenheimer dropped their price target on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Barclays reduced their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Piper Sandler dropped their target price on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group cut their target price on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.09.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Woodline Partners LP grew its holdings in EverCommerce by 24.8% during the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after buying an additional 106,359 shares in the last quarter. State Street Corp lifted its stake in EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after acquiring an additional 12,156 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after acquiring an additional 110,183 shares during the last quarter. Northern Trust Corp grew its stake in shares of EverCommerce by 4.2% in the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock worth $2,194,000 after acquiring an additional 7,954 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after purchasing an additional 1,092 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

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.