EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $91,558.85 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,117 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $9.05, for a total transaction of $91,558.85. Following the transaction, the chief executive officer now owns 7,686,872 shares in the company, valued at approximately $69,566,191.60. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total transaction of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total transaction of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total transaction of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total transaction of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total transaction of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total transaction of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The stock was sold at an average price of $10.12, for a total transaction of $113,344.00.
• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total transaction of $112,264.92.

EverCommerce Stock Performance

Shares of EVCM opened at $9.36 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -33.43 and a beta of 1.12. The company’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $10.71. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. During the same period in the previous year, the company posted ($0.12) EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. RIA Advisory Group LLC acquired a new position in EverCommerce during the third quarter worth approximately $241,000. Edgestream Partners L.P. acquired a new position in EverCommerce during the third quarter worth approximately $536,000. Janus Henderson Group PLC increased its position in EverCommerce by 1.2% during the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after purchasing an additional 3,837 shares during the last quarter. State Street Corp increased its position in EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after purchasing an additional 12,156 shares during the last quarter. Finally, Barclays PLC increased its position in EverCommerce by 305.6% during the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after purchasing an additional 22,360 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday. Oppenheimer reduced their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank of Canada reduced their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday. The Goldman Sachs Group reduced their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday. Finally, Jefferies Financial Group reduced their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.27.

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.