Eric Richard Remer Sells 8,867 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,867 shares of EverCommerce stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $12.01, for a total value of $106,492.67. Following the completion of the transaction, the chief executive officer now owns 7,996,939 shares in the company, valued at $96,043,237.39. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The shares were sold at an average price of $11.04, for a total value of $145,728.00.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The shares were sold at an average price of $11.73, for a total value of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The shares were sold at an average price of $10.97, for a total value of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The shares were sold at an average price of $10.57, for a total value of $53,537.05.
• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total value of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The stock was sold at an average price of $10.37, for a total value of $43,554.00.
• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total value of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was sold at an average price of $10.09, for a total value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total value of $64,474.26.

EverCommerce Trading Down 0.6 %

EverCommerce stock traded down $0.07 during trading on Thursday, hitting $11.07. The company’s stock had a trading volume of 156,837 shares, compared to its average volume of 141,203. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -39.53 and a beta of 1.07. The stock’s fifty day moving average is $10.62 and its 200 day moving average is $10.52. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative return on equity of 6.49% and a negative net margin of 7.53%. The business’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts predict that EverCommerce Inc. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. RIA Advisory Group LLC acquired a new stake in EverCommerce during the third quarter worth about $241,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of EverCommerce in the third quarter worth about $570,000. SG Americas Securities LLC purchased a new stake in shares of EverCommerce in the third quarter worth about $107,000. The Manufacturers Life Insurance Company boosted its position in shares of EverCommerce by 10.6% in the second 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. Finally, Millennium Management LLC boosted its position in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after buying an additional 281,551 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EVCM. Barclays boosted their price target on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday. Oppenheimer boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Evercore ISI upped their target price on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.56.

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.