EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,099 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,099 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $10.69, for a total value of $75,888.31. Following the sale, the chief executive officer now owns 8,124,163 shares of the company’s stock, valued at approximately $86,847,302.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $110,224.59.
• On Tuesday, July 2nd, Eric Richard Remer sold 3,992 shares of EverCommerce stock. The shares were sold at an average price of $11.07, for a total value of $44,191.44.

EverCommerce Stock Performance

EVCM stock traded up $0.32 during trading on Thursday, reaching $10.80. 98,071 shares of the stock were exchanged, compared to its average volume of 151,093. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2.00 billion, a P/E ratio of -51.43 and a beta of 1.08. The stock has a 50 day simple moving average of $10.81 and a 200-day simple moving average of $10.08.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $177.39 million for the quarter, compared to analyst estimates of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. EverCommerce’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that EverCommerce Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the business. Edgestream Partners L.P. bought a new stake in shares of EverCommerce in the 1st quarter valued at approximately $123,000. The Manufacturers Life Insurance Company lifted its position in shares of EverCommerce by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares during the period. Quest Partners LLC acquired a new stake in EverCommerce in the 4th quarter valued at $135,000. Renaissance Technologies LLC grew its position in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after acquiring an additional 2,700 shares during the period. Finally, RIA Advisory Group LLC acquired a new position in EverCommerce during the first quarter worth $242,000. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, EverCommerce presently has an average rating of “Moderate Buy” and a consensus target price of $11.45.

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.