Eric Richard Remer Sells 8,720 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,720 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $10.80, for a total transaction of $94,176.00. Following the transaction, the chief executive officer now owns 7,765,658 shares of the company’s stock, valued at approximately $83,869,106.40. This represents a 0.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total transaction of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The stock was sold at an average price of $10.12, for a total value of $113,344.00.
• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total value of $92,516.16.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The stock was sold at an average price of $10.21, for a total transaction of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The shares were sold at an average price of $10.39, for a total transaction of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The stock was sold at an average price of $10.15, for a total transaction of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total value of $57,583.68.

EverCommerce Stock Performance

Shares of EVCM opened at $10.75 on Friday. The company has a market cap of $1.97 billion, a PE ratio of -38.39 and a beta of 1.13. The firm has a 50-day moving average of $10.82 and a 200-day moving average of $10.80. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after acquiring an additional 2,040 shares during the period. SG Americas Securities LLC acquired a new position in shares of EverCommerce in the third quarter valued at $107,000. Wells Fargo & Company MN increased its holdings in shares of EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock valued at $116,000 after purchasing an additional 3,106 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of EverCommerce during the 4th quarter worth about $165,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JMP Securities raised their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Oppenheimer boosted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Barclays boosted their price target on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, EverCommerce has a consensus rating of “Moderate Buy” and a consensus target price 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.