Eric Richard Remer Sells 8,818 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,818 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $11.03, for a total value of $97,262.54. Following the completion of the sale, the chief executive officer now directly owns 7,961,663 shares in the company, valued at approximately $87,817,142.89. This represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total value of $121,109.76.
• 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 transaction of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The stock was sold at an average price of $12.01, for a total transaction of $106,492.67.
• 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 transaction of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The stock was 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 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 stock was 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 transaction of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $60,538.68.

EverCommerce Price Performance

NASDAQ:EVCM opened at $11.87 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The business has a fifty day moving average price of $10.75 and a 200-day moving average price of $10.60.

EverCommerce (NASDAQ:EVCM) last issued its 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). The firm 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% on a year-over-year basis. Analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVCM. Millennium Management LLC boosted its holdings in shares of EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after purchasing an additional 95,934 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of EverCommerce during the 3rd quarter valued at about $570,000. Edgestream Partners L.P. bought a new position in shares of EverCommerce during the 3rd quarter valued at about $536,000. Finally, AQR Capital Management LLC boosted its holdings in shares of EverCommerce by 394.8% during the 2nd quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after purchasing an additional 44,378 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EVCM. Piper Sandler boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their target price on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI upped their price objective on EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.56.

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.