Eric Richard Remer Sells 11,200 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,200 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $10.12, for a total transaction of $113,344.00. Following the sale, the chief executive officer now directly owns 7,796,952 shares of the company’s stock, valued at approximately $78,905,154.24. The trade was a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $75,445.35.
• 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 Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total value of $92,516.16.
• 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 value 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 stock was 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 transaction 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 transaction of $85,488.70.

EverCommerce Stock Up 1.3 %

EVCM stock opened at $10.31 on Friday. The firm’s 50-day moving average is $10.94 and its two-hundred day moving average is $10.83. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -36.82 and a beta of 1.13. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a current ratio of 1.81, a quick 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 the consensus estimate 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 return on equity of 6.56% and a negative net margin of 7.53%. EverCommerce’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVCM has been the topic of a number of recent research reports. Oppenheimer raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays increased their target price on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in EverCommerce by 39.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after acquiring an additional 95,934 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares in the last quarter. AQR Capital Management LLC lifted its stake in EverCommerce by 394.8% during the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after purchasing an additional 44,378 shares during the last quarter. Millennium Management LLC boosted its holdings in 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. Finally, The Manufacturers Life Insurance Company grew its position in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares during the last quarter. 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.