Eric Richard Remer Sells 8,761 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,761 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $10.56, for a total value of $92,516.16. Following the transaction, the chief executive officer now owns 7,840,069 shares in the company, valued at approximately $82,791,128.64. This trade represents a 0.11 % decrease in their ownership of the stock. The sale 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, 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.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The shares were sold at an average price of $10.21, for a total transaction of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The stock was sold at an average price of $10.39, for a total transaction of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The stock was sold at an average price of $10.15, for a total transaction of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total value of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The stock was sold at an average price of $11.22, for a total value of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total value of $85,488.70.
• On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total value of $53,835.84.
• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total transaction of $113,764.00.

EverCommerce Stock Down 3.0 %

EVCM stock opened at $10.09 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of -36.03 and a beta of 1.14. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The firm has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $10.90. 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 announced its earnings results on Tuesday, November 12th. The company reported ($0.05) 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 analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EVCM shares. Royal Bank of Canada increased their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays lifted their price objective on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler upped their target price on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Oppenheimer lifted their price target on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, 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 report on Wednesday, November 13th. One 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Millennium Management LLC grew its holdings in shares of EverCommerce by 673.4% during the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after buying an additional 281,551 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 95,934 shares during the last quarter. JPMorgan Chase & Co. grew its stake in EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after acquiring an additional 63,139 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in EverCommerce in the 3rd quarter valued at about $570,000. Finally, Edgestream Partners L.P. purchased a new position in EverCommerce in the 3rd quarter worth approximately $536,000. 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.