EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 23,119 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 23,119 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $11.26, for a total transaction of $260,319.94. Following the transaction, the chief executive officer now owns 7,464,044 shares of the company’s stock, valued at approximately $84,045,135.44. The trade was a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total transaction of $15,218.62.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total value of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $24,602.40.
• On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $106,557.02.
• On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $71,482.68.
• On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $83,910.98.
• On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The stock was sold at an average price of $9.41, for a total transaction of $76,682.09.
• On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The shares were sold at an average price of $9.81, for a total transaction of $160,285.59.
• On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $112,595.07.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total value of $75,293.64.

EverCommerce Stock Performance

Shares of NASDAQ EVCM opened at $10.66 on Friday. The company has a market cap of $1.95 billion, a PE ratio of -38.07 and a beta of 1.07. 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 Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The company has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $10.62.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s revenue was down 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS. On average, equities analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in EVCM. Woodline Partners LP raised its holdings in shares of EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after purchasing an additional 106,359 shares during the period. Janus Henderson Group PLC increased its position in EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after purchasing an additional 110,183 shares in the last quarter. Northern Trust Corp lifted its position in EverCommerce by 4.2% during the fourth quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock valued at $2,194,000 after buying an additional 7,954 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in EverCommerce by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after buying an additional 1,092 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in EverCommerce by 48.6% during the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock worth $1,695,000 after buying an additional 49,745 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EVCM shares. Piper Sandler reduced their price objective on EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, March 17th. The Goldman Sachs Group cut 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, March 14th. Jefferies Financial Group lowered their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Barclays lifted their target price on shares of EverCommerce from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Royal Bank of Canada lowered their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce currently has an average rating of “Hold” and an average price target of $11.36.

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.