EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,761 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,761 shares of EverCommerce stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $10.56, for a total value of $92,516.16. Following the transaction, the chief executive officer now owns 7,840,069 shares of the company’s stock, valued at $82,791,128.64. This represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The shares were sold at an average price of $10.21, for a total value of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The stock was sold at an average price of $10.39, for a total value of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $10.56, for a total value of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The stock was sold at an average price of $11.22, for a total value of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total value 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.

EverCommerce Stock Down 3.0 %

Shares of EVCM stock traded down $0.31 during trading hours on Thursday, reaching $10.09. The company had a trading volume of 118,461 shares, compared to its average volume of 79,687. The company has a market capitalization of $1.85 billion, a P/E ratio of -36.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The stock’s fifty day simple moving average is $11.17 and its 200 day simple moving average is $10.90.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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 net margin of 7.53% and a negative return on equity of 6.56%. The firm 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% compared to the same quarter last year. As a group, sell-side analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of EverCommerce

Several large investors have recently modified their holdings of EVCM. JPMorgan Chase & Co. grew its stake in EverCommerce by 161.4% during the 3rd 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. Barclays PLC raised its holdings in EverCommerce by 305.6% in the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after acquiring an additional 22,360 shares in the last quarter. State Street Corp boosted its stake in EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after acquiring an additional 12,156 shares during the last quarter. Janus Henderson Group PLC grew its holdings in EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after acquiring an additional 3,837 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in EverCommerce during the 3rd quarter worth $536,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.