EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 5,065 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,065 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $10.57, for a total transaction of $53,537.05. Following the sale, the chief executive officer now owns 8,050,475 shares in the company, valued at approximately $85,093,520.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 shares were 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 shares were 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 value of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value 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 value 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

EVCM traded down $0.17 on Thursday, hitting $10.52. 74,850 shares of the company were exchanged, compared to its average volume of 140,864. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two 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 firm has a market capitalization of $1.94 billion, a P/E ratio of -45.74 and a beta of 1.08. The business’s fifty day moving average is $10.43 and its 200 day moving average is $10.35.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data 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 return on equity of 5.33% and a negative net margin of 6.31%. The business had revenue of $177.39 million during the quarter, compared to analysts’ expectations of $171.88 million. The company’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that EverCommerce Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

EVCM has been the subject of several recent research reports. 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 note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI upped their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, EverCommerce presently has an average rating of “Moderate Buy” and an average target price of $11.45.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of EverCommerce during the 3rd quarter worth $107,000. The Manufacturers Life Insurance Company lifted its position in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares during the period. Edgestream Partners L.P. acquired a new stake in EverCommerce in the 1st quarter worth about $123,000. Renaissance Technologies LLC grew its holdings in EverCommerce by 19.4% in the 2nd 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 during the 1st quarter valued at about $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.