EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $85,200.24 in Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 9,404 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $9.06, for a total value of $85,200.24. Following the completion of the sale, the chief executive officer now directly owns 7,707,226 shares in the company, valued at $69,827,467.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $91,558.85.
  • 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 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.
  • On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $75,445.35.
  • On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $112,264.92.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $9.36 on Friday. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The firm has a market cap of $1.72 billion, a P/E ratio of -33.43 and a beta of 1.12. The company has a 50 day moving average of $10.17 and a 200 day moving average of $10.71. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its earnings results 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). The company had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. As a group, research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in EverCommerce during the 4th quarter valued at $127,000. Woodline Partners LP raised its stake in EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after buying an additional 106,359 shares during the last quarter. State of Wyoming raised its stake in EverCommerce by 245.4% during the 4th quarter. State of Wyoming now owns 32,875 shares of the company’s stock valued at $362,000 after buying an additional 23,356 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in EverCommerce during the 4th quarter valued at $143,000. Finally, Janus Henderson Group PLC raised its stake in EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after buying an additional 110,183 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on EVCM shares. Jefferies Financial Group dropped their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their price target on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday. Oppenheimer dropped their price target on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday. The Goldman Sachs Group dropped 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. Finally, Barclays dropped their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday. 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.27.

Check Out Our Latest Stock Analysis on EverCommerce

About EverCommerce

(Get Free Report)

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.

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