EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $54,849.24 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,436 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $10.09, for a total value of $54,849.24. Following the sale, the chief executive officer now owns 8,100,550 shares of the company’s stock, valued at approximately $81,734,549.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total value of $60,538.68.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The shares were sold at an average price of $10.47, for a total value of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value of $72,358.41.
• 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, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $110,224.59.

EverCommerce Stock Performance

NASDAQ EVCM opened at $10.27 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -48.90 and a beta of 1.08. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $10.31 and a 200-day moving average price of $10.21. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The firm had revenue of $177.39 million for the quarter, compared to the consensus estimate of $171.88 million. EverCommerce’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that EverCommerce Inc. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the last quarter. Renaissance Technologies LLC boosted its stake in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares during the last quarter. Bank of New York Mellon Corp raised its position in EverCommerce by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after purchasing an additional 9,595 shares during the period. SG Americas Securities LLC purchased a new stake in EverCommerce during the third quarter valued at approximately $107,000. Finally, Edgestream Partners L.P. purchased a new stake in EverCommerce during the first quarter valued at approximately $123,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on EVCM. JPMorgan Chase & Co. upped their price target on EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI upped their price target on EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, EverCommerce presently has a consensus rating of “Moderate Buy” and an average price target of $11.45.

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.