EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $135,113.44 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,552 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $9.97, for a total value of $135,113.44. Following the completion of the transaction, the chief executive officer now directly owns 7,646,915 shares in the company, valued at $76,239,742.55. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $98,512.47.
• 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 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 stock was 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 value of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was 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 stock was 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 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 stock was sold at an average price of $10.12, for a total value of $113,344.00.

EverCommerce Price Performance

NASDAQ:EVCM opened at $10.08 on Friday. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $1.85 billion, a PE ratio of -36.00 and a beta of 1.12. The stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $10.69.

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

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered 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, March 14th. Piper Sandler decreased their target price on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group decreased their target price on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. Oppenheimer decreased their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Royal Bank of Canada decreased their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.09.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently modified their holdings of EVCM. Mackenzie Financial Corp purchased a new position in EverCommerce in the fourth quarter valued at $127,000. Woodline Partners LP boosted its holdings in EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after purchasing an additional 106,359 shares during the period. State of Wyoming boosted its holdings in EverCommerce by 245.4% in the fourth quarter. State of Wyoming now owns 32,875 shares of the company’s stock valued at $362,000 after purchasing an additional 23,356 shares during the period. Occudo Quantitative Strategies LP purchased a new position in EverCommerce in the fourth quarter valued at $143,000. Finally, Janus Henderson Group PLC boosted its holdings in EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after purchasing an additional 110,183 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

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.