EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,720 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,720 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $10.80, for a total value of $94,176.00. Following the transaction, the chief executive officer now owns 7,765,658 shares in the company, valued at approximately $83,869,106.40. This trade represents a 0.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total value of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The shares were sold at an average price of $10.12, for a total value of $113,344.00.
• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total value of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total value of $92,516.16.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The shares were sold at an average price of $10.21, for a total value of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The shares were sold at an average price of $10.39, for a total value of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The shares were sold at an average price of $10.15, for a total value of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total value of $57,583.68.

EverCommerce Price Performance

Shares of EVCM opened at $10.90 on Friday. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The business has a 50-day simple moving average of $10.85 and a two-hundred day simple moving average of $10.81. 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 cap of $2.00 billion, a PE ratio of -38.93 and a beta of 1.13.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVCM. Oppenheimer lifted their target price on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their target price on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. JMP Securities boosted their price target on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Barclays upped their target price on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, EverCommerce presently has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Institutional Investors Weigh In On EverCommerce

Several institutional investors and hedge funds have recently made changes to their positions in EVCM. SG Americas Securities LLC bought a new stake in shares of EverCommerce during the 3rd quarter valued at about $107,000. Wells Fargo & Company MN boosted its holdings in EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after acquiring an additional 3,106 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 1,089 shares in the last quarter. Quinn Opportunity Partners LLC bought a new position in EverCommerce in the fourth quarter worth approximately $165,000. Finally, American Century Companies Inc. boosted its holdings in EverCommerce by 32.3% in the fourth quarter. American Century Companies Inc. now owns 22,753 shares of the company’s stock worth $251,000 after acquiring an additional 5,554 shares in the last quarter. Institutional investors and hedge funds 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.