EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 14,664 shares of EverCommerce stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $11.13, for a total value of $163,210.32. Following the sale, the chief executive officer directly owned 3,074,060 shares in the company, valued at $34,214,287.80. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value of $49,986.72.
- On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The stock was sold at an average price of $11.65, for a total transaction of $4,986.20.
- On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The stock was sold at an average price of $11.71, for a total transaction of $219,820.12.
- On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The shares were sold at an average price of $11.86, for a total transaction of $48,993.66.
- On Tuesday, September 16th, Eric Richard Remer sold 15,069 shares of EverCommerce stock. The shares were sold at an average price of $11.85, for a total transaction of $178,567.65.
- On Wednesday, September 3rd, Eric Richard Remer sold 4,079 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total transaction of $45,399.27.
- On Tuesday, September 2nd, Eric Richard Remer sold 20,421 shares of EverCommerce stock. The shares were sold at an average price of $11.23, for a total transaction of $229,327.83.
- On Wednesday, August 13th, Eric Richard Remer sold 2,361 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total transaction of $25,262.70.
- On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The stock was sold at an average price of $10.54, for a total transaction of $233,345.06.
- On Wednesday, August 6th, Eric Richard Remer sold 12,068 shares of EverCommerce stock. The stock was sold at an average price of $10.16, for a total transaction of $122,610.88.
EverCommerce Stock Down 2.6%
Shares of EverCommerce stock traded down $0.29 during trading hours on Wednesday, reaching $10.84. 243,208 shares of the company's stock were exchanged, compared to its average volume of 184,690. The company has a 50 day moving average of $11.26 and a two-hundred day moving average of $10.58. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.34. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.97 billion, a P/E ratio of -90.33, a P/E/G ratio of 9.86 and a beta of 1.06.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The company had revenue of $148.02 million for the quarter, compared to analysts' expectations of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. EverCommerce's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. On average, sell-side analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on EVCM. Zacks Research raised shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler increased their price target on shares of EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $13.00 target price (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $11.50.
Get Our Latest Stock Analysis on EVCM
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. boosted its position in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the 4th quarter worth approximately $29,000. Deutsche Bank AG boosted its position in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after acquiring an additional 3,667 shares in the last quarter. American Century Companies Inc. boosted its position in shares of EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock worth $290,000 after acquiring an additional 4,576 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of EverCommerce by 13.5% during the 4th quarter. Bank of America Corp DE now owns 44,820 shares of the company's stock worth $493,000 after acquiring an additional 5,347 shares in the last quarter. 97.91% of the stock is owned by institutional investors.
About EverCommerce
(
Get Free Report)
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.
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