EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 1,381 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 1,381 shares of EverCommerce stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $11.02, for a total transaction of $15,218.62. Following the completion of the transaction, the chief executive officer now directly owns 7,462,663 shares in the company, valued at $82,238,546.26. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The shares were sold at an average price of $11.26, for a total transaction of $260,319.94.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction 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 shares were sold at an average price of $9.86, for a total transaction 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 shares were sold at an average price of $10.03, for a total transaction of $83,910.98.
• On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The shares were 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 stock was 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 transaction of $75,293.64.

EverCommerce Stock Down 2.8%

Shares of NASDAQ:EVCM opened at $10.36 on Friday. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The company’s 50-day moving average price is $10.10 and its two-hundred day moving average price is $10.62. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.89 billion, a P/E ratio of -37.00 and a beta of 1.07.

EverCommerce (NASDAQ:EVCM) last issued 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). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. During the same period in the prior year, the company earned ($0.09) EPS. The firm’s revenue was down 16.3% compared to the same quarter last year. As a group, research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

EVCM has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Jefferies Financial Group decreased their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Barclays upped their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Piper Sandler decreased their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Finally, Oppenheimer decreased their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.36.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently added to or reduced their stakes in the stock. Woodline Partners LP boosted its stake in shares of EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after purchasing an additional 25,412 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after purchasing an additional 110,183 shares during the last quarter. Northern Trust Corp boosted its stake in shares of EverCommerce by 4.2% in the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock valued at $2,194,000 after purchasing an additional 7,954 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after purchasing an additional 1,092 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock valued at $1,695,000 after purchasing an additional 49,745 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

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.