Eric Richard Remer Sells 19,200 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $11.05, for a total transaction of $212,160.00. Following the completion of the sale, the chief executive officer owned 3,050,324 shares in the company, valued at $33,706,080.20. This represents a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total transaction of $49,986.72.
• On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total transaction of $163,210.32.
• On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The stock was sold at an average price of $11.65, for a total transaction of $4,986.20.
• On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The shares were sold at an average price of $11.71, for a total value of $219,820.12.
• On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The stock was sold at an average price of $11.86, for a total value of $48,993.66.
• On Tuesday, September 16th, Eric Richard Remer sold 15,069 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $178,567.65.
• On Wednesday, September 3rd, Eric Richard Remer sold 4,079 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total value of $45,399.27.
• On Tuesday, September 2nd, Eric Richard Remer sold 20,421 shares of EverCommerce stock. The shares were sold at an average price of $11.23, for a total value of $229,327.83.
• On Wednesday, August 13th, Eric Richard Remer sold 2,361 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total value of $25,262.70.
• On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The shares were sold at an average price of $10.54, for a total value of $233,345.06.

EverCommerce Trading Up 0.4%

NASDAQ EVCM opened at $11.15 on Friday. The business’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $10.63. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.34. The firm has a market capitalization of $2.02 billion, a PE ratio of -92.91, a price-to-earnings-growth ratio of 6.41 and a beta of 1.05. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.The firm had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. During the same quarter in the previous year, the company posted ($0.02) EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EVCM shares. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Monday. Piper Sandler lifted their target price on shares of EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday. Finally, Oppenheimer reissued an “outperform” rating and set a $13.00 target price (up previously from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.50.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. Bank of America Corp DE increased its position in shares of EverCommerce by 13.5% during the fourth quarter. Bank of America Corp DE now owns 44,820 shares of the company’s stock worth $493,000 after acquiring an additional 5,347 shares in the last quarter. GAMMA Investing LLC increased its position in shares of EverCommerce by 838.8% during the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company’s stock worth $706,000 after acquiring an additional 6,358 shares in the last quarter. SG Americas Securities LLC increased its position in shares of EverCommerce by 220.6% during the first quarter. SG Americas Securities LLC now owns 29,886 shares of the company’s stock worth $301,000 after acquiring an additional 20,563 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of EverCommerce by 129.1% during the first quarter. Mackenzie Financial Corp now owns 26,372 shares of the company’s stock worth $266,000 after acquiring an additional 14,861 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after acquiring an additional 5,770 shares in the last quarter. 97.91% of the stock is 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.