Eric Richard Remer Sells 10,117 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,117 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $9.05, for a total transaction of $91,558.85. Following the sale, the chief executive officer now owns 7,686,872 shares in the company, valued at approximately $69,566,191.60. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total value of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total value of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The shares were sold at an average price of $9.65, for a total value of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total transaction of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The shares were sold at an average price of $10.94, for a total value of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total transaction of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total value of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The shares were sold at an average price of $10.12, for a total transaction of $113,344.00.
• 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 value 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.

EverCommerce Stock Performance

EverCommerce stock opened at $9.36 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.72 billion, a PE ratio of -33.43 and a beta of 1.12. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35. The business’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.71.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. EverCommerce’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays lowered their price target on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group reduced their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday. Oppenheimer cut their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.27.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in EverCommerce in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC raised its holdings in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after buying an additional 2,040 shares during the last quarter. Deutsche Bank AG boosted its position in EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after buying an additional 3,667 shares during the period. Wells Fargo & Company MN grew its holdings in EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after acquiring an additional 3,106 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in EverCommerce in the 4th quarter valued at approximately $119,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.