EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $25,262.70 in Stock

Key Points

• EverCommerce Inc. CEO Eric Richard Remer sold 2,361 shares at an average price of $10.70, totaling $25,262.70, which decreased his ownership by 0.05% to 5,217,663 shares.
• The company's stock recently traded at $10.85, with a market cap of $1.97 billion and a P/E ratio of -90.41.
• Analysts have a consensus rating of "Hold" for EverCommerce, with a price target of $11.50, while recent earnings reports showed a 5.3% increase in quarterly revenue year-over-year.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 2,361 shares of EverCommerce stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $10.70, for a total transaction of $25,262.70. Following the completion of the sale, the chief executive officer directly owned 5,217,663 shares in the company, valued at approximately $55,828,994.10. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $11.12, for a total value 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 value of $54,326.79.
• On Tuesday, July 22nd, Eric Richard Remer sold 19,747 shares of EverCommerce stock. The stock was 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 shares were 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 stock was 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 value of $87,782.80.

EverCommerce Stock Down 0.2%

NASDAQ:EVCM traded down $0.03 during trading hours on Monday, hitting $10.80. The company's stock had a trading volume of 89,430 shares, compared to its average volume of 173,078. EverCommerce Inc. has a 52-week low of $8.10 and a 52-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 capitalization of $1.96 billion, a P/E ratio of -89.92, a price-to-earnings-growth ratio of 8.91 and a beta of 1.06. The stock has a fifty day moving average of $10.56 and a 200-day moving average of $10.27.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. On average, equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors have recently made changes to their positions in EVCM. BNP Paribas Financial Markets purchased a new stake in shares of EverCommerce during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its holdings 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 in the last quarter. Deutsche Bank AG raised its holdings in EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after acquiring an additional 3,667 shares in the last quarter. EntryPoint Capital LLC acquired a new position in EverCommerce during the 1st quarter worth $102,000. Finally, Wells Fargo & Company MN raised its stake 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. 97.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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