EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,134 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,134 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $10.02, for a total value of $71,482.68. Following the transaction, the chief executive officer now owns 7,536,163 shares of the company’s stock, valued at $75,512,353.26. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $83,910.98.
• On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The stock was sold at an average price of $9.41, for a total transaction of $76,682.09.
• On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The shares were sold at an average price of $9.81, for a total transaction of $160,285.59.
• On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total transaction of $112,595.07.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total transaction of $75,293.64.
• On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total value of $98,436.66.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The shares were sold at an average price of $9.97, for a total value of $135,113.44.
• 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 value of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $9.06, for a total transaction of $85,200.24.

EverCommerce Trading Down 1.2 %

NASDAQ EVCM opened at $9.96 on Friday. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The stock has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $10.63. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.83 billion, a PE ratio of -35.57 and a beta of 1.06.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. During the same period last year, the company earned ($0.12) earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of EverCommerce in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC grew its stake in EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after acquiring an additional 2,040 shares during the period. Deutsche Bank AG increased its holdings in shares of EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after acquiring an additional 3,667 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after purchasing an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of EverCommerce during the fourth quarter worth about $119,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on EVCM. Oppenheimer lowered their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Jefferies Financial Group lowered their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Piper Sandler reduced their price objective on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Royal Bank of Canada decreased their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Barclays dropped their target price on EverCommerce from $12.00 to $9.00 and set an “equal weight” 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 issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.09.

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.