EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,204 shares of EverCommerce stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $10.70, for a total transaction of $87,782.80. Following the transaction, the chief executive officer owned 5,340,163 shares in the company, valued at $57,139,744.10. This represents a 0.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction 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 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 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.
EverCommerce Stock Down 1.7%
Shares of EVCM stock traded down $0.18 during mid-day trading on Friday, reaching $10.66. 41,473 shares of the company were exchanged, compared to its average volume of 138,216. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week 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 company has a market capitalization of $1.95 billion, a P/E ratio of -59.19 and a beta of 1.05. The business's 50 day simple moving average is $10.23 and its 200 day simple moving average is $10.22.
EverCommerce (NASDAQ:EVCM - Get Free Report) last released 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). The company had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The firm's quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. Research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.
Institutional Investors Weigh In On EverCommerce
Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. Charles Schwab Investment Management Inc. boosted its position in shares of EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after acquiring an additional 1,092 shares during the period. Raymond James Financial Inc. bought a new position in EverCommerce during the fourth quarter worth about $694,000. American Century Companies Inc. boosted its holdings in EverCommerce by 32.3% during the fourth quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock worth $251,000 after buying an additional 5,554 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of EverCommerce by 48.6% during 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. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of EverCommerce by 84.7% during 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 in the last quarter. 97.91% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on EVCM. The Goldman Sachs Group lowered 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. 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 research report on Friday, March 14th. Jefferies Financial Group dropped their price target on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Finally, Canaccord Genuity Group boosted their price target on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. 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 data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.36.
Read Our Latest Stock Analysis on EVCM
About EverCommerce
(
Get Free Report)
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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