EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 1,425 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 1,425 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $10.00, for a total value of $14,250.00. Following the transaction, the chief executive officer now owns 5,438,163 shares of the company's stock, valued at $54,381,630. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $123,333.60.
• On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The stock was sold at an average price of $9.96, for a total transaction of $107,597.88.
• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total transaction of $15,218.62.
• On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total transaction of $260,319.94.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $24,602.40.
• On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total value of $106,557.02.
• On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $71,482.68.
• On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $83,910.98.
• On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The stock was sold at an average price of $9.41, for a total value of $76,682.09.

EverCommerce Trading Up 1.5%

EVCM stock traded up $0.15 during mid-day trading on Tuesday, reaching $10.03. The company had a trading volume of 104,494 shares, compared to its average volume of 137,752. The company has a market capitalization of $1.83 billion, a PE ratio of -35.82 and a beta of 1.07. The firm has a 50 day moving average of $10.11 and a 200 day moving average of $10.51. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm's revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period last year, the company earned ($0.09) EPS. On average, equities analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. Charles Schwab Investment Management Inc. raised its holdings in shares of EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after acquiring an additional 1,092 shares in the last quarter. Tower Research Capital LLC TRC increased its position in EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after purchasing an additional 2,040 shares during the period. BNP Paribas Financial Markets purchased a new position in EverCommerce during the 4th quarter valued at about $29,000. Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after purchasing an additional 3,106 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of EverCommerce by 11.2% in the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock worth $363,000 after purchasing an additional 3,312 shares during the period. Institutional investors own 97.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Canaccord Genuity Group upped their price target on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Barclays increased their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. The Goldman Sachs Group dropped their target price on EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Friday, March 14th. Finally, Royal Bank of Canada cut their target price on EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, EverCommerce has an average rating of "Hold" and a consensus target price of $11.36.

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.