EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,131 Shares

Key Points

• EverCommerce CEO Eric Richard Remer sold 4,131 shares of the company's stock at an average price of $11.86, totaling approximately $48,994, which brings his ownership to over 5.1 million shares.
• The company reported a quarterly earnings result of $0.03 EPS, exceeding analysts' expectations and showcasing a year-over-year revenue increase of 5.3% to $148.02 million.
• Institutional investors significantly increased their holdings in EverCommerce, with 97.91% of the stock owned by hedge funds and other institutional investors.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,131 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $11.86, for a total transaction of $48,993.66. Following the completion of the sale, the chief executive officer owned 5,129,463 shares of the company's stock, valued at $60,835,431.18. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 16th, Eric Richard Remer sold 15,069 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total transaction of $178,567.65.
• On Wednesday, September 3rd, Eric Richard Remer sold 4,079 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total value of $45,399.27.
• On Tuesday, September 2nd, Eric Richard Remer sold 20,421 shares of EverCommerce stock. The shares were sold at an average price of $11.23, for a total value of $229,327.83.
• On Wednesday, August 13th, Eric Richard Remer sold 2,361 shares of EverCommerce stock. The stock was sold at an average price of $10.70, for a total value of $25,262.70.
• On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The shares were sold at an average price of $10.54, for a total value of $233,345.06.
• On Wednesday, August 6th, Eric Richard Remer sold 12,068 shares of EverCommerce stock. The stock was sold at an average price of $10.16, for a total value of $122,610.88.
• On Tuesday, August 5th, Eric Richard Remer sold 12,432 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total transaction of $125,438.88.
• On Wednesday, July 30th, Eric Richard Remer sold 12,639 shares of EverCommerce stock. The stock was sold at an average price of $11.12, for a total transaction of $140,545.68.
• On Tuesday, July 29th, Eric Richard Remer sold 11,861 shares of EverCommerce stock. The stock was sold at an average price of $11.39, for a total transaction of $135,096.79.
• On Wednesday, July 23rd, Eric Richard Remer sold 4,753 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total transaction of $54,326.79.

EverCommerce Trading Up 2.9%

EVCM stock traded up $0.34 during mid-day trading on Thursday, reaching $12.15. The company had a trading volume of 215,956 shares, compared to its average volume of 211,513. The firm has a 50 day moving average of $11.14 and a 200 day moving average of $10.43. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $148.02 million during the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.EverCommerce's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of EverCommerce during the second quarter worth $595,000. Oxford Asset Management LLP purchased a new position in EverCommerce during the 2nd quarter worth $168,000. Lazard Asset Management LLC increased its position in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock valued at $523,000 after buying an additional 49,041 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in EverCommerce in the second quarter valued at about $302,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after acquiring an additional 547,712 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVCM has been the subject of several recent research reports. Oppenheimer restated an "outperform" rating and issued a $13.00 price objective (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Zacks Research upgraded shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Piper Sandler upped their price target on shares of EverCommerce from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, EverCommerce presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

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.

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