Eric Richard Remer Sells 9,981 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,981 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $9.87, for a total transaction of $98,512.47. Following the completion of the transaction, the chief executive officer now directly owns 7,676,891 shares in the company, valued at $75,770,914.17. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total value of $135,113.44.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The shares were sold at an average price of $9.06, for a total transaction 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 transaction 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 transaction of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were 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 value of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The shares were 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 value of $113,344.00.

EverCommerce Price Performance

EVCM stock opened at $10.08 on Friday. The business’s 50-day moving average is $10.12 and its two-hundred day moving average is $10.69. The firm has a market capitalization of $1.85 billion, a P/E ratio of -36.00 and a beta of 1.12. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

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

Institutional Trading of EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp acquired a new stake in shares of EverCommerce during the 4th quarter worth about $127,000. Woodline Partners LP raised its position in shares of EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after acquiring an additional 106,359 shares in the last quarter. State of Wyoming raised its holdings in EverCommerce by 245.4% during the fourth quarter. State of Wyoming now owns 32,875 shares of the company’s stock worth $362,000 after purchasing an additional 23,356 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in EverCommerce during the fourth quarter worth approximately $143,000. Finally, Janus Henderson Group PLC raised its holdings in EverCommerce by 34.6% during the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after purchasing an additional 110,183 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on EVCM. Royal Bank of Canada decreased their target price on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Jefferies Financial Group decreased their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Barclays decreased their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group decreased their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 14th. Finally, Oppenheimer decreased their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.09.

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.