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 firm's stock in a transaction that occurred 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 owns 5,389,163 shares in the company, valued at approximately $51,250,940.13. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 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 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.

EverCommerce Stock Down 1.5%

EVCM stock traded down $0.15 during trading on Friday, reaching $9.55. The stock had a trading volume of 296,407 shares, compared to its average volume of 136,495. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.74 billion, a P/E ratio of -53.06 and a beta of 1.05. The firm has a fifty day moving average price of $10.09 and a 200 day moving average price of $10.34.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The business's quarterly revenue was down 16.3% compared to the same quarter last year. On average, equities analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Oppenheimer reduced their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Barclays lifted their target price on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group lifted their target price on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Royal Bank Of Canada reduced their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group reduced their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $11.36.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in EVCM. Woodline Partners LP increased its position in shares of EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company's stock worth $5,650,000 after purchasing an additional 25,412 shares during the last quarter. Janus Henderson Group PLC increased its position 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 worth $4,716,000 after purchasing an additional 110,183 shares during the last quarter. Northern Trust Corp increased its position in shares of EverCommerce by 4.2% in the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock worth $2,194,000 after purchasing an additional 7,954 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $1,856,000 after purchasing an additional 1,092 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock worth $1,695,000 after purchasing an additional 49,745 shares during the last quarter. Institutional investors and hedge funds 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.