Eric Richard Remer Sells 10,311 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,311 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $10.69, for a total transaction of $110,224.59. Following the completion of the transaction, the chief executive officer now owns 8,138,352 shares in the company, valued at approximately $86,998,982.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $75,888.31.
• On Tuesday, July 2nd, Eric Richard Remer sold 3,992 shares of EverCommerce stock. The shares were sold at an average price of $11.07, for a total value of $44,191.44.

EverCommerce Stock Down 0.3 %

EverCommerce stock opened at $10.77 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $10.80 and its two-hundred day moving average price is $10.09. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -51.19 and a beta of 1.08. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $177.39 million during the quarter, compared to the consensus estimate of $171.88 million. EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts predict that EverCommerce Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Several institutional investors have recently bought and sold shares of EVCM. Edgestream Partners L.P. bought a new position in EverCommerce during the 1st quarter valued at $123,000. The Manufacturers Life Insurance Company raised its holdings in shares of EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after purchasing an additional 1,089 shares during the last quarter. Quest Partners LLC bought a new position in shares of EverCommerce during the fourth quarter valued at about $135,000. Renaissance Technologies LLC boosted its holdings in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares during the last quarter. Finally, RIA Advisory Group LLC purchased a new position in EverCommerce during the first quarter worth about $242,000. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EVCM shares. JPMorgan Chase & Co. boosted their price target on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Evercore ISI boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.45.

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.