Eric Richard Remer Sells 13,200 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $11.04, for a total transaction of $145,728.00. Following the sale, the chief executive officer now owns 7,970,481 shares in the company, valued at approximately $87,994,110.24. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The shares were sold at an average price of $11.73, for a total value of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The stock was sold at an average price of $10.97, for a total value of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The shares were sold at an average price of $10.57, for a total value of $53,537.05.
• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The stock was sold at an average price of $10.67, for a total transaction of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The stock was sold at an average price of $10.37, for a total transaction of $43,554.00.
• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total value of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total value of $64,474.26.

EverCommerce Trading Up 0.5 %

NASDAQ:EVCM opened at $11.12 on Friday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -39.71 and a beta of 1.07. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.68 and a current ratio of 1.81. The business’s 50-day simple moving average is $10.64 and its 200 day simple moving average is $10.53.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts predict that EverCommerce Inc. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EVCM has been the subject of a number of research reports. Oppenheimer boosted their target price on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Piper Sandler raised their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Evercore ISI upped their target price on EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, EverCommerce currently has an average rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of EverCommerce during the third quarter worth about $107,000. The Manufacturers Life Insurance Company lifted its stake in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares during the last quarter. Edgestream Partners L.P. acquired a new position in EverCommerce in the first quarter worth $123,000. Renaissance Technologies LLC increased its stake in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the last quarter. Finally, RIA Advisory Group LLC bought a new stake in EverCommerce during the third quarter valued at $241,000. Institutional investors 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.