EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $122,610.88 in Stock

Key Points

• EverCommerce Inc. CEO Eric Richard Remer sold 12,068 shares of the company's stock on August 6th, totaling $122,610.88, which decreased his ownership by 0.23% to approximately 5.24 million shares.
• Shares of EverCommerce traded up 9.8% on Thursday, reaching $11.28, with a market capitalization of $2.06 billion and a PE ratio of -93.99.
• Analysts have mixed ratings on EverCommerce, with price targets ranging from $9.00 to $14.00 and a consensus rating of "Hold."

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 12,068 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $10.16, for a total value of $122,610.88. Following the transaction, the chief executive officer directly owned 5,242,163 shares of the company's stock, valued at approximately $53,260,376.08. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value 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 value of $140,545.68.
• On Tuesday, July 29th, Eric Richard Remer sold 11,861 shares of EverCommerce stock. The shares were sold at an average price of $11.39, for a total value 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 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 transaction of $159,462.45.
• On Wednesday, July 9th, Eric Richard Remer sold 8,204 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.75, for a total value of $175,182.00.
• On Wednesday, June 25th, Eric Richard Remer sold 4,789 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total value of $47,985.78.

EverCommerce Trading Up 9.8%

Shares of NASDAQ:EVCM traded up $1.01 during mid-day trading on Thursday, hitting $11.28. The company had a trading volume of 268,494 shares, compared to its average volume of 195,787. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.34. The company has a market capitalization of $2.06 billion, a PE ratio of -93.99 and a beta of 1.06. The firm has a fifty day moving average price of $10.49 and a 200 day moving average price of $10.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.29.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm 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 1.95% and a negative net margin of 3.27%. EverCommerce's revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. As a group, research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

EVCM has been the topic of several recent analyst reports. Barclays lifted their price target on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Oppenheimer reissued an "outperform" rating and set a $13.00 target price (up previously from $12.00) on shares of EverCommerce in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.45.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Woodline Partners LP grew its position in EverCommerce by 4.7% during the first quarter. Woodline Partners LP now owns 560,506 shares of the company's stock worth $5,650,000 after buying an additional 25,412 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in EverCommerce during the 2nd quarter valued at $5,039,000. Janus Henderson Group PLC lifted its holdings in shares of EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock worth $4,716,000 after buying an additional 110,183 shares in the last quarter. Northern Trust Corp increased its stake in EverCommerce by 4.2% during the fourth quarter. Northern Trust Corp now owns 199,283 shares of the company's stock worth $2,194,000 after acquiring an additional 7,954 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of EverCommerce by 48.6% during the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock valued at $1,695,000 after purchasing an additional 49,745 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

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.

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