Eric Richard Remer Sells 3,992 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 3,992 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $11.07, for a total transaction of $44,191.44. Following the completion of the transaction, the chief executive officer now owns 1,254,286 shares in the company, valued at $13,884,946.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, June 7th, Eric Richard Remer sold 13,522 shares of EverCommerce stock. The shares were sold at an average price of $9.52, for a total transaction of $128,729.44.
• On Tuesday, June 4th, Eric Richard Remer sold 5,759 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total transaction of $54,710.50.
• On Tuesday, May 28th, Eric Richard Remer sold 14,502 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total transaction of $147,340.32.

EverCommerce Stock Performance

NASDAQ:EVCM traded down $0.10 during trading hours on Wednesday, reaching $11.14. 94,883 shares of the company’s stock were exchanged, compared to its average volume of 161,482. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -53.52 and a beta of 1.10. The company has a 50-day moving average of $9.96 and a 200 day moving average of $9.81. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.66. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.32.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $170.10 million for the quarter, compared to analyst estimates of $162.11 million. EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. Research analysts anticipate that EverCommerce Inc. will post -0.08 EPS for the current year.

Institutional Trading of EverCommerce

Several hedge funds have recently made changes to their positions in EVCM. Raymond James Financial Services Advisors Inc. lifted its stake in shares of EverCommerce by 7.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of EverCommerce in the 4th quarter worth $391,000. Great Lakes Advisors LLC lifted its stake in shares of EverCommerce by 42.9% in the 4th quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock worth $2,249,000 after acquiring an additional 61,236 shares during the period. Quest Partners LLC purchased a new position in shares of EverCommerce in the 4th quarter valued at about $135,000. Finally, RIA Advisory Group LLC purchased a new position in shares of EverCommerce in the 1st quarter valued at about $242,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Royal Bank of Canada reduced their price target on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Canaccord Genuity Group boosted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Piper Sandler reissued a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a research note on Friday, March 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce has an average rating of “Moderate Buy” and an average price target of $11.40.

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.