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

Posted by Renee Jackson on Nov 16th, 2024

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 8,867 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $12.01, for a total value of $106,492.67. Following the transaction, the chief executive officer now directly owns 7,996,939 shares of the company’s stock, valued at $96,043,237.39. This trade represents a 0.11 % decrease in their ownership of the stock. 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 Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The stock was 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 transaction 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 value of $53,537.05.
On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total value of $46,948.00.
On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The stock was sold at an average price of $10.37, for a total value 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 transaction 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 transaction of $60,538.68.
On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $10.47, for a total value of $64,474.26.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.12 on Friday. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35. The stock’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $10.53. The stock has a market cap of $2.04 billion, a PE ratio of -39.71 and a beta of 1.07. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.68.

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

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in EverCommerce in the third quarter worth about $107,000. Edgestream Partners L.P. purchased a new stake in shares of EverCommerce during the 1st quarter valued at about $123,000. The Manufacturers Life Insurance Company grew its holdings 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 acquiring an additional 1,089 shares during the period. Renaissance Technologies LLC grew its position in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares during the period. Finally, RIA Advisory Group LLC purchased a new stake in EverCommerce in the third quarter worth about $241,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EVCM shares. Royal Bank of Canada upped their price target on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday. Oppenheimer lifted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI increased their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Check Out Our Latest Analysis on EverCommerce

About EverCommerce

(Get Free Report)

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.