EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,200 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,200 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $10.37, for a total value of $43,554.00. Following the transaction, the chief executive officer now directly owns 8,068,540 shares in the company, valued at $83,670,759.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $51,143.72.
• 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 value of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $10.69, for a total value 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 value of $110,224.59.

EverCommerce Price Performance

Shares of EVCM stock opened at $10.48 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The company has a market cap of $1.94 billion, a P/E ratio of -49.90 and a beta of 1.08. The business has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $10.29.

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

Analysts Set New Price Targets

A number of research analysts have commented on EVCM shares. JPMorgan Chase & Co. upped their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Evercore ISI upped their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.45.

Institutional Trading of EverCommerce

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its position in EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares during the last quarter. Dimensional Fund Advisors LP raised its position in EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after purchasing an additional 95,934 shares during the last quarter. Edgestream Partners L.P. bought a new position in EverCommerce in the first quarter valued at about $123,000. Vanguard Group Inc. raised its position in EverCommerce by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after purchasing an additional 30,481 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after purchasing an additional 44,378 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

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.