EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $75,888.31 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,099 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $10.69, for a total transaction of $75,888.31. Following the completion of the sale, the chief executive officer now owns 8,124,163 shares in the company, valued at approximately $86,847,302.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $44,191.44.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $10.77 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -51.19 and a beta of 1.08. The firm has a fifty day moving average price of $10.80 and a 200 day moving average price of $10.09. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35.

EverCommerce (NASDAQ:EVCM) last released its quarterly 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 firm had revenue of $177.39 million for the quarter, compared to analysts’ expectations of $171.88 million. EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The business’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that EverCommerce Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of EverCommerce by 10.6% in 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 in the last quarter. Quest Partners LLC purchased a new stake in shares of EverCommerce during the 4th quarter valued at about $135,000. Edgestream Partners L.P. bought a new position in shares of EverCommerce in the 1st quarter valued at about $123,000. 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 worth $182,000 after acquiring an additional 2,700 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new stake in EverCommerce during the first quarter worth approximately $242,000. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

EVCM has been the topic of a number of research reports. Evercore ISI raised 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. lifted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.