EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,117 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,117 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $9.05, for a total transaction of $91,558.85. Following the completion of the sale, the chief executive officer now owns 7,686,872 shares in the company, valued at $69,566,191.60. This represents a 0.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 stock was 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 value 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 shares were sold at an average price of $10.94, for a total transaction 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 transaction 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 value 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 stock was sold at an average price of $10.05, for a total transaction of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total value of $112,264.92.

EverCommerce Stock Performance

EVCM opened at $9.36 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $10.17 and its 200 day moving average price is $10.71. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The firm has a market capitalization of $1.72 billion, a PE ratio of -33.43 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm’s quarterly 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) EPS. As a group, sell-side analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of EverCommerce

Several institutional investors have recently added to or reduced their stakes in EVCM. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC increased its stake in EverCommerce by 145.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after purchasing an additional 2,040 shares during the period. Deutsche Bank AG lifted its position in shares of EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after purchasing an additional 3,667 shares in the last quarter. Wells Fargo & Company MN boosted its stake 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 period. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of EverCommerce in the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EVCM shares. Oppenheimer cut their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group decreased their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday. Jefferies Financial Group dropped their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Barclays decreased their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, EverCommerce has an average rating of “Hold” and an average target price of $11.27.

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.