EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,099 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,099 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $10.69, for a total value of $75,888.31. Following the sale, the chief executive officer now owns 8,124,163 shares in the company, valued at approximately $86,847,302.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $110,224.59.
• On Tuesday, July 2nd, Eric Richard Remer sold 3,992 shares of EverCommerce stock. The shares were sold at an average price of $11.07, for a total value of $44,191.44.

EverCommerce Stock Up 3.1 %

EVCM opened at $10.80 on Friday. The company has a fifty day moving average of $10.81 and a two-hundred day moving average of $10.08. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -51.43 and a beta of 1.08. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $177.39 million for the quarter, compared to analyst estimates of $171.88 million. EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The business’s revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that EverCommerce Inc. will post -0.11 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of institutional investors and hedge funds have recently made changes to their positions in EVCM. Quest Partners LLC purchased a new position in shares of EverCommerce during the 4th quarter valued at approximately $135,000. Edgestream Partners L.P. purchased a new position in EverCommerce during the first quarter valued at $123,000. Vanguard Group Inc. lifted its holdings in EverCommerce by 1.9% during 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 in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of EverCommerce by 57.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock valued at $512,000 after purchasing an additional 20,000 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of EverCommerce by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock worth $1,805,000 after purchasing an additional 9,595 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.