EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 16,296 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 16,296 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $10.75, for a total value of $175,182.00. Following the sale, the chief executive officer directly owned 5,348,367 shares of the company's stock, valued at $57,494,945.25. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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.
• On Wednesday, June 25th, Eric Richard Remer sold 4,789 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $47,985.78.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $197,504.22.
• On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total transaction of $42,367.05.
• On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The shares were sold at an average price of $9.56, for a total transaction of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total transaction 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 Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The shares were sold at an average price of $9.96, for a total transaction of $107,597.88.
• 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 shares were sold at an average price of $11.26, for a total transaction of $260,319.94.

EverCommerce Stock Down 2.7%

Shares of EVCM stock traded down $0.29 during trading on Friday, reaching $10.55. The company's stock had a trading volume of 221,581 shares, compared to its average volume of 138,849. The business has a fifty day moving average price of $10.24 and a 200-day moving average price of $10.21. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -58.61 and a beta of 1.05. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS 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 3.13% and a negative net margin of 4.84%. The business's revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS. Analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in EverCommerce during the second quarter worth $5,039,000. Woodline Partners LP raised 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 acquiring an additional 25,412 shares in the last quarter. Martingale Asset Management L P bought a new stake in EverCommerce during the first quarter worth $202,000. EntryPoint Capital LLC bought a new stake in EverCommerce during the first quarter worth $102,000. Finally, Nuveen LLC bought a new stake in EverCommerce during the first quarter worth $493,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EVCM has been the topic of a number of research reports. Jefferies Financial Group cut their price target on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group cut their price target on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 14th. Barclays lifted their price target on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Royal Bank Of Canada cut their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. 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 research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.36.

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.