EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,761 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,761 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $10.56, for a total transaction of $92,516.16. Following the sale, the chief executive officer now owns 7,840,069 shares in the company, valued at approximately $82,791,128.64. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $112,264.92.
• 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 stock was 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 transaction of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total transaction of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The stock was sold at an average price of $11.22, for a total transaction of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total value of $85,488.70.
• On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total value of $53,835.84.
• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total value of $113,764.00.

EverCommerce Stock Performance

EVCM stock traded down $0.31 during trading on Thursday, hitting $10.09. The company had a trading volume of 118,461 shares, compared to its average volume of 79,687. The firm has a 50-day moving average price of $11.17 and a 200-day moving average price of $10.90. 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 cap of $1.85 billion, a PE ratio of -36.03 and a beta of 1.14. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On EverCommerce

Several institutional investors have recently bought and sold shares of EVCM. The Manufacturers Life Insurance Company lifted its stake in shares of EverCommerce by 10.6% in the 2nd 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 during the period. Renaissance Technologies LLC boosted its holdings in EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in 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 purchasing an additional 3,837 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of EverCommerce in the 3rd quarter valued at about $107,000. Finally, State Street Corp boosted its holdings in EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after buying an additional 12,156 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.