Eric Richard Remer Sells 10,117 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

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

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 Trading Up 4.6 %

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

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

Institutional Trading of EverCommerce

Several hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp bought a new stake in EverCommerce in the 4th quarter valued at about $127,000. Woodline Partners LP raised its position in shares of EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after buying an additional 106,359 shares in the last quarter. State of Wyoming raised its position in shares of EverCommerce by 245.4% during the 4th quarter. State of Wyoming now owns 32,875 shares of the company’s stock worth $362,000 after buying an additional 23,356 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of EverCommerce during the 4th quarter worth about $143,000. Finally, Janus Henderson Group PLC raised its position in shares of EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after buying an additional 110,183 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EVCM shares. Jefferies Financial Group decreased their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday. Barclays decreased their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday. Oppenheimer decreased their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada decreased their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Friday. Finally, The Goldman Sachs Group decreased their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.27.

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.