EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $42,367.05 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,455 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $9.51, for a total transaction of $42,367.05. Following the sale, the chief executive officer now directly owns 5,389,163 shares of the company's stock, valued at $51,250,940.13. This represents a 0.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was 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 stock was 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 stock was 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 stock was 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.
• On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total transaction 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 transaction of $71,482.68.

EverCommerce Stock Performance

NASDAQ:EVCM traded up $0.02 during mid-day trading on Wednesday, reaching $9.70. 267,336 shares of the company's stock were exchanged, compared to its average volume of 137,296. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.35. The firm has a market capitalization of $1.77 billion, a PE ratio of -53.89 and a beta of 1.05. The business's fifty day simple moving average is $10.12 and its two-hundred day simple moving average is $10.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.29 and a current ratio of 2.29.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The firm had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. During the same period in the prior year, the business earned ($0.09) earnings per share. EverCommerce's quarterly revenue was down 16.3% compared to the same quarter last year. Analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently bought and sold shares of the company. Woodline Partners LP boosted its stake in shares of EverCommerce by 4.7% in the 1st 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. Janus Henderson Group PLC boosted its stake in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after purchasing an additional 110,183 shares in the last quarter. Northern Trust Corp boosted its stake in shares of EverCommerce by 4.2% in the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock valued at $2,194,000 after purchasing an additional 7,954 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 in the last quarter. 97.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EVCM shares. Oppenheimer cut their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. 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 note on Friday, March 14th. Barclays raised their target price 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. Piper Sandler cut their target price on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Canaccord Genuity Group raised their price target on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research report 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 presently has an average rating of "Hold" and a consensus price target 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.

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