EverCommerce (NASDAQ:EVCM) CEO Sells $64,422.42 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,666 shares of EverCommerce stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $11.37, for a total transaction of $64,422.42. Following the completion of the sale, the chief executive officer owned 2,973,524 shares in the company, valued at $33,808,967.88. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total transaction of $152,528.18.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $125,268.11.
• On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The stock was sold at an average price of $12.08, for a total transaction of $103,368.56.
• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total value of $85,250.30.
• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The shares were sold at an average price of $11.44, for a total value of $134,248.40.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.86, for a total value of $208,512.00.
• On Tuesday, October 7th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.05, for a total value of $212,160.00.
• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value of $49,986.72.
• On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total transaction of $163,210.32.
• On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The shares were sold at an average price of $11.65, for a total transaction of $4,986.20.

EverCommerce Stock Performance

Shares of NASDAQ EVCM opened at $9.35 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.69 billion, a P/E ratio of -934.07, a P/E/G ratio of 5.39 and a beta of 1.05. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $12.34. The stock has a 50 day moving average of $11.40 and a 200-day moving average of $10.82.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. EverCommerce had a positive return on equity of 0.04% and a negative net margin of 0.11%.The business had revenue of $148.02 million during the quarter, compared to the consensus estimate of $145.80 million. During the same quarter last year, the firm posted ($0.02) EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EVCM. Federated Hermes Inc. boosted its stake in shares of EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after buying an additional 1,667 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of EverCommerce during the 3rd quarter valued at $91,000. Deutsche Bank AG lifted its position in shares of EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after acquiring an additional 5,770 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of EverCommerce during the 1st quarter worth $102,000. Finally, Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EVCM has been the topic of a number of research reports. Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Royal Bank Of Canada reduced their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Piper Sandler lifted their price target on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Barclays downgraded EverCommerce from an “overweight” rating to an “equal weight” rating and set a $11.00 price target for the company. in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.56.

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.