EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $233,345.06 in Stock

Key Points

• EverCommerce Inc. CEO Eric Richard Remer sold 22,139 shares at an average price of $10.54, totaling approximately $233,345, reducing his stake by 0.42% to about 5.2 million shares.
• The company's stock experienced a 2.4% increase, reaching $10.85, with a market capitalization of $1.97 billion and a P/E ratio of -90.41.
• EverCommerce reported $0.03 EPS for the last quarter, outperforming analyst expectations and showing a 5.3% revenue growth year-over-year with revenues of $148.02 million.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 22,139 shares of EverCommerce stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.54, for a total transaction of $233,345.06. Following the sale, the chief executive officer directly owned 5,220,024 shares of the company's stock, valued at $55,019,052.96. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $25,262.70.
• 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.
• 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 stock was 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 stock was 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 value 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 value 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 value 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.

EverCommerce Stock Performance

Shares of EverCommerce stock traded down $0.03 on Monday, hitting $10.80. 89,430 shares of the company's stock were exchanged, compared to its average volume of 173,078. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $1.96 billion, a PE ratio of -89.92, a PEG ratio of 8.91 and a beta of 1.06. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.34. The company has a 50-day simple moving average of $10.56 and a 200-day simple moving average of $10.27.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, topping 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%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) EPS. As a group, equities analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in EverCommerce by 48.6% during the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock worth $1,695,000 after acquiring an additional 49,745 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in EverCommerce in the 4th quarter valued at about $694,000. GAMMA Investing LLC boosted its holdings in shares of EverCommerce by 838.8% in the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock valued at $706,000 after purchasing an additional 6,358 shares during the period. Woodline Partners LP grew its position in shares of EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company's stock worth $5,891,000 after buying an additional 106,359 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of EverCommerce by 34.6% during the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after purchasing an additional 110,183 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $13.00 target price (up from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. Barclays increased their price target on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Piper Sandler upped their price objective on EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group upped their price target on EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.50.

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.