EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,311 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,311 shares of EverCommerce stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.69, for a total value of $110,224.59. Following the completion of the transaction, the chief executive officer now directly owns 8,138,352 shares of the company’s stock, valued at $86,998,982.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total transaction of $75,888.31.
• 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 transaction of $44,191.44.

EverCommerce Stock Up 3.1 %

EverCommerce stock opened at $10.80 on Friday. The stock has a market cap of $2.00 billion, a PE ratio of -51.43 and a beta of 1.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s fifty day moving average is $10.81 and its two-hundred day moving average is $10.08. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its earnings results 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 business 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. On average, sell-side analysts expect that EverCommerce Inc. will post -0.11 EPS for the current fiscal year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Edgestream Partners L.P. acquired a new position in shares of EverCommerce in the 1st quarter valued at $123,000. The Manufacturers Life Insurance Company lifted its position in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the last quarter. Quest Partners LLC purchased a new stake in EverCommerce in the fourth quarter valued at $135,000. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Finally, RIA Advisory Group LLC purchased a new position in shares of EverCommerce during the first quarter worth about $242,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

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

EverCommerce Company Profile

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.