EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,867 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,867 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $12.01, for a total transaction of $106,492.67. Following the sale, the chief executive officer now directly owns 7,996,939 shares of the company’s stock, valued at approximately $96,043,237.39. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The shares were sold at an average price of $11.04, for a total value of $145,728.00.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was sold at an average price of $11.73, for a total value of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The shares were sold at an average price of $10.97, for a total value of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The stock was sold at an average price of $10.57, for a total transaction of $53,537.05.
• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The stock was sold at an average price of $10.67, for a total transaction of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00.
• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $10.47, for a total transaction of $64,474.26.

EverCommerce Price Performance

Shares of NASDAQ:EVCM traded down $0.08 during trading on Friday, hitting $10.99. 15,087 shares of the company’s stock traded hands, compared to its average volume of 140,635. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $10.62 and a 200-day moving average price of $10.52. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. The company’s revenue was up .9% compared to the same quarter last year. Equities analysts expect that EverCommerce Inc. will post -0.09 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of EverCommerce during the third quarter worth about $107,000. Edgestream Partners L.P. acquired a new stake in shares of EverCommerce in the first quarter valued at approximately $123,000. The Manufacturers Life Insurance Company lifted its position in shares of EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares during the last quarter. Finally, RIA Advisory Group LLC bought a new position in EverCommerce in the third quarter valued at $241,000. Institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of recent research reports. JMP Securities boosted their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Evercore ISI upped 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. Piper Sandler raised their price target on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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. Finally, Barclays raised their target price on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

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.