EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $51,143.72 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,834 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $10.58, for a total transaction of $51,143.72. Following the completion of the transaction, the chief executive officer now directly owns 8,079,718 shares of the company’s stock, valued at approximately $85,483,416.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 stock was sold at an average price of $10.09, for a total transaction 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 transaction of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The stock was sold at an average price of $10.63, for a total transaction of $72,358.41.
• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total transaction of $75,888.31.
• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total transaction of $110,224.59.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $10.74 on Friday. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $1.99 billion, a PE ratio of -51.14 and a beta of 1.08. The company has a 50 day moving average price of $10.35 and a two-hundred day moving average price of $10.25.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The firm had revenue of $177.39 million during the quarter, compared to the consensus estimate of $171.88 million. The firm’s revenue was up 4.3% compared to the same quarter last year. Analysts forecast that EverCommerce Inc. will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EVCM shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI boosted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of EverCommerce in the third quarter valued at approximately $107,000. Edgestream Partners L.P. acquired a new position in shares of EverCommerce in the first quarter valued at approximately $123,000. The Manufacturers Life Insurance Company boosted 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 valued at $125,000 after buying an additional 1,089 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of EverCommerce by 19.4% in 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 acquired a new position in shares of EverCommerce in the first quarter valued at approximately $242,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.