EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $87,782.80 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,204 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $10.70, for a total value of $87,782.80. Following the completion of the transaction, the chief executive officer directly owned 5,340,163 shares in the company, valued at approximately $57,139,744.10. This represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, July 8th, Eric Richard Remer sold 16,296 shares of EverCommerce stock. The shares were 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.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The stock was 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 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 shares were sold at an average price of $9.56, for a total value 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 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 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 value 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 value of $260,319.94.

EverCommerce Stock Up 0.3%

EVCM stock traded up $0.03 during trading on Thursday, hitting $10.84. 169,214 shares of the stock traded hands, compared to its average volume of 138,533. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -60.22 and a beta of 1.05. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35. The firm's 50 day moving average is $10.20 and its two-hundred day moving average is $10.22.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $142.27 million during the quarter, compared to analysts' expectations of $146.28 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The firm's revenue for the quarter was down 16.3% compared to the same quarter last year. On average, sell-side analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on EVCM. 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 report on Friday, March 14th. Piper Sandler cut their target price on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Oppenheimer decreased their price target 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. Barclays upped their target price on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada reduced their price target on EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Two equities 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.36.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in shares of EverCommerce during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after purchasing an additional 2,040 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after purchasing an additional 3,667 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of EverCommerce in the 1st quarter worth about $102,000. Finally, Wells Fargo & Company MN raised its position in EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after purchasing an additional 3,106 shares during the period. 97.91% of the stock is currently owned by institutional investors.

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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