Eric Richard Remer Sells 4,834 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,834 shares of EverCommerce stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $10.58, for a total transaction of $51,143.72. Following the transaction, the chief executive officer now directly owns 8,079,718 shares of the company’s stock, valued at $85,483,416.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total transaction of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total value of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value of $72,358.41.
• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total transaction of $75,888.31.
• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total transaction of $110,224.59.

EverCommerce Stock Performance

Shares of EVCM stock traded up $0.13 during mid-day trading on Thursday, reaching $10.74. The stock had a trading volume of 42,579 shares, compared to its average volume of 144,905. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -51.14 and a beta of 1.08. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average is $10.33 and its 200-day moving average is $10.24.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $177.39 million for the quarter, compared to analysts’ expectations of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. EverCommerce’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts forecast that EverCommerce Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI increased their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, EverCommerce currently has an average rating of “Moderate Buy” and an average target price of $11.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EVCM. SG Americas Securities LLC purchased a new position in EverCommerce during the third quarter valued at $107,000. Edgestream Partners L.P. purchased a new position in shares of EverCommerce during the 1st quarter worth $123,000. The Manufacturers Life Insurance Company boosted its position in shares of EverCommerce by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in EverCommerce during the first quarter worth about $242,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.