EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 10,803 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $9.96, for a total value of $107,597.88. Following the transaction, the chief executive officer now directly owns 5,451,860 shares in the company, valued at approximately $54,300,525.60. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Eric Richard Remer also recently made the following trade(s):
- 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 value of $14,250.00.
- On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $123,333.60.
- On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total transaction of $15,218.62.
- On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total transaction of $260,319.94.
- On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $179,281.95.
- On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $24,602.40.
- On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $106,557.02.
- On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $71,482.68.
- On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $83,910.98.
- On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The stock was sold at an average price of $9.41, for a total transaction of $76,682.09.
EverCommerce Price Performance
EVCM stock traded up $0.15 during trading on Tuesday, reaching $10.03. The company's stock had a trading volume of 104,494 shares, compared to its average volume of 137,752. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.83 billion, a P/E ratio of -35.82 and a beta of 1.07. The company's fifty day moving average is $10.11 and its 200-day moving average is $10.51.
EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business's revenue was down 16.3% on a year-over-year basis. During the same period last year, the company earned ($0.09) EPS. On average, research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.
Analysts Set New Price Targets
EVCM has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Friday, March 14th. Barclays lifted 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. Jefferies Financial Group reduced their price objective on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group raised their target price on EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Oppenheimer lowered their target price on EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.36.
Get Our Latest Stock Analysis on EverCommerce
Institutional Investors Weigh In On EverCommerce
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of EverCommerce during the fourth quarter worth $29,000. Tower Research Capital LLC TRC lifted its stake in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after purchasing an additional 2,040 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after purchasing an additional 3,667 shares during the last quarter. GAMMA Investing LLC grew its position in shares of EverCommerce by 838.8% during 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 in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of EverCommerce in the first quarter worth about $102,000. 97.91% of the stock is owned by hedge funds and other 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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