EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,513 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,513 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.52, for a total value of $121,109.76. Following the sale, the chief executive officer now directly owns 7,945,232 shares of the company’s stock, valued at approximately $91,529,072.64. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The shares were sold at an average price of $11.03, for a total value of $97,262.54.
• 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 Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total value of $106,492.67.
• 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 stock was 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $10.11, for a total value of $60,538.68.

EverCommerce Price Performance

NASDAQ EVCM opened at $11.87 on Friday. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The stock has a 50-day moving average of $10.75 and a 200 day moving average of $10.61. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -42.39 and a beta of 1.07. 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 (NASDAQ:EVCM) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

EVCM has been the subject of several recent research reports. Evercore ISI raised their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Oppenheimer raised their price objective on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays raised their price objective on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Piper Sandler raised their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce presently has a consensus rating of “Moderate Buy” and an average price target of $12.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. Vanguard Group Inc. boosted its position in EverCommerce by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock worth $15,684,000 after purchasing an additional 30,481 shares during the last quarter. Edgestream Partners L.P. purchased a new position in EverCommerce in the first quarter worth about $123,000. DekaBank Deutsche Girozentrale boosted its position in EverCommerce by 57.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock worth $512,000 after purchasing an additional 20,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in EverCommerce by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock worth $1,805,000 after purchasing an additional 9,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after purchasing an additional 95,934 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

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.