EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $106,492.67 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,867 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $12.01, for a total value of $106,492.67. Following the completion of the sale, the chief executive officer now directly owns 7,996,939 shares of the company’s stock, valued at $96,043,237.39. The trade was a 0.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The shares were sold at an average price of $11.04, for a total value of $145,728.00.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The shares were sold at an average price of $11.73, for a total value of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The shares were sold at an average price of $10.97, for a total value of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The shares were sold at an average price of $10.57, for a total value of $53,537.05.
• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total value of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The shares were sold at an average price of $10.37, for a total value of $43,554.00.
• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total value of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total value of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was sold at an average price of $10.09, for a total value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total value of $64,474.26.

EverCommerce Price Performance

NASDAQ EVCM traded down $0.07 on Thursday, reaching $11.07. 156,837 shares of the stock traded hands, compared to its average volume of 141,203. The firm’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $10.52. 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 company has a market cap of $2.04 billion, a price-to-earnings ratio of -39.53 and a beta of 1.07. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its quarterly 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). The firm had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.49%. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts predict that EverCommerce Inc. will post -0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EVCM shares. Oppenheimer increased their price target on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Evercore ISI raised their target price on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barclays raised 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, EverCommerce has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Institutional Investors Weigh In On EverCommerce

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of EverCommerce during the 3rd quarter worth $107,000. The Manufacturers Life Insurance Company boosted its stake in shares of EverCommerce by 10.6% during 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 in the last quarter. Edgestream Partners L.P. bought a new stake in shares of EverCommerce during the 1st quarter worth $123,000. Renaissance Technologies LLC boosted its stake in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after acquiring an additional 2,700 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in shares of EverCommerce in the third quarter worth $241,000. 97.91% of the stock is owned by institutional investors.

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.