Eric Richard Remer Sells 9,560 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,560 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $11.90, for a total transaction of $113,764.00. Following the completion of the sale, the chief executive officer now owns 7,935,672 shares of the company’s stock, valued at approximately $94,434,496.80. This represents a 0.12 % decrease in their position. 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, 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 Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total value of $121,109.76.
• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The stock was sold at an average price of $11.03, for a total transaction of $97,262.54.
• 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 transaction of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total transaction of $106,492.67.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was 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 transaction of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The stock was sold at an average price of $10.37, for a total transaction of $43,554.00.

EverCommerce Trading Up 1.5 %

Shares of EVCM stock opened at $12.20 on Friday. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a market capitalization of $2.24 billion, a PE ratio of -43.57 and a beta of 1.12. The firm has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $10.79. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million during 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 6.56%. The business’s revenue was up .9% on a year-over-year basis. As a group, analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently modified their holdings of EVCM. Millennium Management LLC boosted its holdings in EverCommerce by 673.4% in the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce in the 3rd quarter valued at approximately $570,000. Dimensional Fund Advisors LP lifted its stake in EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after purchasing an additional 95,934 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after buying an additional 3,837 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock worth $611,000 after acquiring an additional 44,378 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.