EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $85,200.24 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,404 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $9.06, for a total value of $85,200.24. Following the transaction, the chief executive officer now directly owns 7,707,226 shares of the company’s stock, valued at approximately $69,827,467.56. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 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 shares were 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 stock was sold at an average price of $10.58, for a total value 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 value 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 value of $94,176.00.
• 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 stock was 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 stock was 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 stock was sold at an average price of $10.26, for a total value of $112,264.92.

EverCommerce Trading Up 4.6 %

NASDAQ EVCM opened at $9.36 on Friday. The stock’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $10.71. 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 company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -33.43 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last released its quarterly 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 firm had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) EPS. Research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of recent analyst reports. Oppenheimer lowered their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday. Barclays lowered their price objective on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday. Royal Bank of Canada lowered 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. The Goldman Sachs Group lowered their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group lowered their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.27.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in shares of EverCommerce in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC increased its holdings in shares of EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after buying 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 buying an additional 3,667 shares during the period. Wells Fargo & Company MN increased its holdings in shares of 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 buying an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of EverCommerce in the fourth quarter worth about $119,000. Hedge funds and other 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.