Eric Richard Remer Sells 6,024 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 6,024 shares of EverCommerce stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $10.20, for a total value of $61,444.80. Following the sale, the chief executive officer now owns 7,867,483 shares of the company’s stock, valued at approximately $80,248,326.60. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The shares were sold at an average price of $10.15, for a total transaction of $57,986.95.
• 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 transaction 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 stock was sold at an average price of $12.06, for a total value of $53,835.84.
• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total value of $113,764.00.
• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $11.03, for a total transaction of $97,262.54.
• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The stock was sold at an average price of $11.04, for a total transaction of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total transaction of $106,492.67.

EverCommerce Price 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 stock has a market capitalization of $1.88 billion, a P/E ratio of -36.68 and a beta of 1.14. The company’s 50-day moving average is $11.37 and its 200 day moving average is $10.95. 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 earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. EverCommerce’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on EVCM. Oppenheimer upped their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays raised their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. JMP Securities upped their price target on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Finally, Piper Sandler boosted their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Trading of EverCommerce

Hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its stake in shares of EverCommerce by 673.4% in the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after acquiring an additional 281,551 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after purchasing an additional 95,934 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after purchasing an additional 63,139 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of EverCommerce during the third quarter valued at approximately $570,000. Finally, Edgestream Partners L.P. bought a new stake in shares of EverCommerce in the 3rd quarter worth approximately $536,000. 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.