EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,803 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 10,803 shares of the 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 completion of the sale, the chief executive officer now owns 5,451,860 shares in the company, valued at approximately $54,300,525.60. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $10.05, for a total value of $123,333.60.
• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value 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 value 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 value of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The stock was 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 stock was 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 stock was 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 value of $76,682.09.

EverCommerce Price Performance

NASDAQ:EVCM traded down $0.03 during trading hours on Friday, hitting $10.02. The company's stock had a trading volume of 224,405 shares, compared to its average volume of 137,617. The stock has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $10.52. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The company has a market capitalization of $1.83 billion, a P/E ratio of -35.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The business's revenue for the quarter was down 16.3% compared to the same quarter last year. On average, analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of EverCommerce

A number of hedge funds have recently made changes to their positions in the company. Woodline Partners LP boosted its stake in shares of EverCommerce by 4.7% during 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 stake in shares of EverCommerce during the first quarter valued at about $202,000. EntryPoint Capital LLC acquired a new stake in shares of EverCommerce during the first quarter valued at about $102,000. Nuveen LLC bought a new position in shares of EverCommerce during the first quarter worth about $493,000. Finally, Deutsche Bank AG raised its position in shares of EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock worth $99,000 after acquiring an additional 5,770 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their target price on EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Barclays increased their target price on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Royal Bank of Canada reduced their target price on EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group increased 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, Piper Sandler reduced their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Two investment 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. According to data from MarketBeat.com, EverCommerce has a consensus rating of "Hold" and a consensus price target of $11.36.

EverCommerce Company Profile

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.