EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $57,986.95 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,713 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.15, for a total value of $57,986.95. Following the sale, the chief executive officer now owns 7,880,059 shares in the company, valued at $79,982,598.85. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $61,444.80.
• 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 shares were 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 stock was sold at an average price of $11.99, for a total transaction 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 transaction 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.
• 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 value 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 value of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The stock was sold at an average price of $12.01, for a total value of $106,492.67.

EverCommerce Stock Performance

Shares of NASDAQ EVCM opened at $10.27 on Friday. EverCommerce Inc. has a 1 year low of $6.22 and a 1 year high of $12.35. The firm has a market cap of $1.88 billion, a P/E ratio of -36.68 and a beta of 1.14. The stock has a fifty day moving average price of $11.37 and a two-hundred day moving average price of $10.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share 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 net margin of 7.53% and a negative return on equity of 6.56%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities upped their target price on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Piper Sandler raised their price target 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. Barclays boosted their price objective on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer raised their target price on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently made changes to their positions in EVCM. SG Americas Securities LLC acquired a new stake in EverCommerce during the third quarter valued at approximately $107,000. 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. Renaissance Technologies LLC increased its holdings in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in shares of EverCommerce during the 3rd quarter valued at $241,000. Finally, Barclays PLC boosted its stake in shares of EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after acquiring an additional 22,360 shares in the last quarter. 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.