EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 19,711 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $10.02, for a total transaction of $197,504.22. Following the transaction, the chief executive officer now owns 5,369,452 shares in the company, valued at $53,801,909.04. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Eric Richard Remer also recently made the following trade(s):
- 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 transaction of $47,985.78.
- On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The stock was 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 stock was 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.
- On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The shares were 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 transaction of $24,602.40.
EverCommerce Price Performance
Shares of EverCommerce stock traded down $0.12 on Friday, reaching $10.30. 1,025,605 shares of the stock were exchanged, compared to its average volume of 136,257. The firm's 50 day moving average is $10.10 and its 200-day moving average is $10.26. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $1.88 billion, a PE ratio of -57.22 and a beta of 1.05.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results 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). EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The firm had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. During the same period last year, the company posted ($0.09) EPS. The business's revenue was down 16.3% on a year-over-year basis. As a group, analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On EverCommerce
Several institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Charles Schwab Investment Management Inc. lifted its stake in EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after purchasing an additional 1,092 shares during the last quarter. Raymond James Financial Inc. bought a new position in EverCommerce in the 4th quarter valued at approximately $694,000. American Century Companies Inc. lifted its stake in EverCommerce by 32.3% in the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock valued at $251,000 after purchasing an additional 5,554 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in EverCommerce by 48.6% in 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. Finally, Arrowstreet Capital Limited Partnership lifted its stake in EverCommerce by 84.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company's stock valued at $1,468,000 after purchasing an additional 61,144 shares during the last quarter. Institutional investors own 97.91% of the company's stock.
Analyst Upgrades and Downgrades
EVCM has been the topic of a number of research reports. Canaccord Genuity Group upped 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. Oppenheimer cut their price objective on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, March 14th. The Goldman Sachs Group cut their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 14th. Jefferies Financial Group cut their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a report on Friday, March 14th. Finally, Piper Sandler cut their price objective on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of "Hold" and a consensus target price of $11.36.
Read Our Latest Report on EVCM
About EverCommerce
(
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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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