EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $135,113.44 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,552 shares of EverCommerce stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $9.97, for a total value of $135,113.44. Following the completion of the transaction, the chief executive officer now owns 7,646,915 shares in the company, valued at $76,239,742.55. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total transaction of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total transaction of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total transaction of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total transaction of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total value of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total value of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total value of $94,176.00.
• 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 transaction of $113,344.00.

EverCommerce Stock Up 0.9 %

Shares of EVCM opened at $10.08 on Friday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -36.00 and a beta of 1.12. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35. The stock’s 50-day moving average price is $10.12 and its 200-day moving average price is $10.69. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $175.00 million during the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Trading of EverCommerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Charles Schwab Investment Management Inc. raised its position in shares of EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after acquiring an additional 1,092 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of 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 purchasing an additional 2,040 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in EverCommerce in the 4th quarter worth about $29,000. Wells Fargo & Company MN boosted its position in EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after purchasing an additional 3,106 shares in the last quarter. Finally, Barclays PLC grew its holdings in EverCommerce by 11.2% in the fourth quarter. Barclays PLC now owns 32,989 shares of the company’s stock valued at $363,000 after purchasing an additional 3,312 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on EVCM shares. Oppenheimer cut their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group reduced their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Royal Bank of Canada dropped their price target on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Piper Sandler cut their price objective on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group decreased their target price on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.09.

About EverCommerce

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.