Eric Richard Remer Sells 4,079 Shares of EverCommerce (NASDAQ:EVCM) Stock

Key Points

• Eric Richard Remer, CEO of EverCommerce, sold a total of 4,079 shares on September 3rd at an average price of $11.13, resulting in a total transaction of $45,399.27 and a slight ownership decrease to 5,168,663 shares.
• EverCommerce's stock traded up by 1.2% reaching $11.39 per share, with a market capitalization of approximately $2.06 billion and a PE ratio of -94.91.
• Research firms have a consensus rating of "Moderate Buy" for EverCommerce, with price target estimates ranging from $10.00 to $14.00 following recent positive earnings reports.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,079 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $11.13, for a total transaction of $45,399.27. Following the completion of the sale, the chief executive officer directly owned 5,168,663 shares in the company, valued at $57,527,219.19. This represents a 0.08% 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, 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 stock was 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 shares were sold at an average price of $10.16, for a total transaction of $122,610.88.
• On Tuesday, August 5th, Eric Richard Remer sold 12,432 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total transaction of $125,438.88.
• On Wednesday, July 30th, Eric Richard Remer sold 12,639 shares of EverCommerce stock. The shares were sold at an average price of $11.12, for a total transaction of $140,545.68.
• On Tuesday, July 29th, Eric Richard Remer sold 11,861 shares of EverCommerce stock. The shares were sold at an average price of $11.39, for a total transaction of $135,096.79.
• On Wednesday, July 23rd, Eric Richard Remer sold 4,753 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total transaction of $54,326.79.
• On Tuesday, July 22nd, Eric Richard Remer sold 19,747 shares of EverCommerce stock. The shares were sold at an average price of $11.40, for a total transaction of $225,115.80.
• On Wednesday, July 16th, Eric Richard Remer sold 9,527 shares of EverCommerce stock. The stock was sold at an average price of $10.55, for a total transaction of $100,509.85.

EverCommerce Trading Up 1.2%

Shares of EVCM stock traded up $0.13 during trading hours on Wednesday, reaching $11.39. 214,646 shares of the stock traded hands, compared to its average volume of 266,755. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.34. The business has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.34. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.06 billion, a PE ratio of -94.91, a PEG ratio of 9.52 and a beta of 1.06.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly 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. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The business had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm's revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EVCM. Oppenheimer reiterated an "outperform" rating and set a $13.00 target price (up from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Zacks Research upgraded shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler boosted their price objective 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, Barclays lifted their price target on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce in the 4th quarter valued at approximately $29,000. Tower Research Capital LLC TRC raised its holdings in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after buying an additional 2,040 shares during the last quarter. Deutsche Bank AG raised its holdings in EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after buying an additional 3,667 shares during the last quarter. GAMMA Investing LLC raised its holdings in EverCommerce by 838.8% in the 1st quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock valued at $706,000 after buying an additional 6,358 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in EverCommerce in the 1st quarter valued at approximately $102,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.

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