Eric Richard Remer Sells 19,747 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 19,747 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $11.40, for a total transaction of $225,115.80. Following the sale, the chief executive officer directly owned 5,295,916 shares in the company, valued at $60,373,442.40. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 Wednesday, July 16th, Eric Richard Remer sold 9,527 shares of EverCommerce stock. The shares were sold at an average price of $10.55, for a total transaction of $100,509.85.
• On Tuesday, July 15th, Eric Richard Remer sold 14,973 shares of EverCommerce stock. The shares were sold at an average price of $10.65, for a total transaction of $159,462.45.
• On Wednesday, July 9th, Eric Richard Remer sold 8,204 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total transaction of $87,782.80.
• On Tuesday, July 8th, Eric Richard Remer sold 16,296 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total transaction of $175,182.00.
• On Wednesday, June 25th, Eric Richard Remer sold 4,789 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $47,985.78.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $197,504.22.
• On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction of $42,367.05.
• On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The stock was sold at an average price of $9.56, for a total transaction of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $14,250.00.

EverCommerce Trading Up 1.2%

Shares of EVCM traded up $0.14 during trading on Friday, reaching $11.57. 138,091 shares of the company traded hands, compared to its average volume of 237,126. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The stock has a market cap of $2.11 billion, a PE ratio of -64.28 and a beta of 1.05. The stock has a 50-day simple moving average of $10.36 and a 200-day simple moving average of $10.22. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The company had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. EverCommerce's revenue was down 16.3% on a year-over-year basis. On average, analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

EVCM has been the topic of several research reports. Barclays raised their price target on shares of EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Canaccord Genuity Group lifted their target price on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, EverCommerce currently has an average rating of "Hold" and a consensus target price of $11.36.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC acquired a new position in shares of EverCommerce in the second quarter valued at approximately $5,039,000. Woodline Partners LP grew its holdings in shares of EverCommerce by 4.7% in the first quarter. Woodline Partners LP now owns 560,506 shares of the company's stock valued at $5,650,000 after purchasing an additional 25,412 shares in the last quarter. Martingale Asset Management L P acquired a new position in shares of EverCommerce in the first quarter valued at approximately $202,000. EntryPoint Capital LLC acquired a new position in shares of EverCommerce in the first quarter valued at approximately $102,000. Finally, Nuveen LLC acquired a new position in shares of EverCommerce in the first quarter valued at approximately $493,000. 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.