EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,465 Shares

Key Points

• EverCommerce CEO Eric Richard Remer sold 7,465 shares at an average price of $11.42 on October 22, totaling approximately $85,250, which marked a 0.25% decrease in his ownership stake.
• Institutional investors hold a significant 97.91% of EverCommerce's stock, with notable recent activity including a 141.9% increase in Deutsche Bank AG's holdings.
• EverCommerce reported a revenue increase of 5.3% year-over-year to $148.02 million in its latest earnings report, exceeding analysts' expectations.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 7,465 shares of the business's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $11.42, for a total transaction of $85,250.30. Following the completion of the transaction, the chief executive officer directly owned 3,011,924 shares of the company's stock, valued at $34,396,172.08. This trade represents a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The stock was sold at an average price of $11.44, for a total transaction of $134,248.40.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.86, for a total transaction of $208,512.00.
• On Tuesday, October 7th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.05, for a total value of $212,160.00.
• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value of $49,986.72.
• On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total transaction of $163,210.32.
• On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The stock was sold at an average price of $11.65, for a total transaction of $4,986.20.
• On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The shares were sold at an average price of $11.71, for a total transaction of $219,820.12.
• On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The stock was sold at an average price of $11.86, for a total transaction of $48,993.66.
• 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 transaction of $45,399.27.

EverCommerce Price Performance

EVCM traded up $0.11 on Thursday, reaching $11.55. 123,437 shares of the company's stock were exchanged, compared to its average volume of 175,840. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.34. The stock has a market cap of $2.09 billion, a PE ratio of -96.24, a P/E/G ratio of 6.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. The stock's fifty day moving average price is $11.35 and its 200-day moving average price is $10.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.The business had revenue of $148.02 million for the quarter, compared to analysts' expectations of $145.80 million. During the same period in the previous year, the firm posted ($0.02) EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Large investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its position in EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock worth $99,000 after acquiring an additional 5,770 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in EverCommerce during the 1st quarter valued at $102,000. Prudential Financial Inc. increased its stake in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after buying an additional 1,190 shares during the period. Inceptionr LLC purchased a new position in EverCommerce in the 2nd quarter valued at about $159,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EverCommerce during the third quarter valued at about $169,000. Institutional investors and hedge funds own 97.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of EverCommerce in a report on Wednesday, October 8th. Lake Street Capital set a $11.00 target price on EverCommerce in a research report on Tuesday, October 14th. Piper Sandler upped their price objective on EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Barclays cut EverCommerce from an "overweight" rating to an "equal weight" rating and set a $11.00 price target for the company. in a report on Tuesday, October 14th. Finally, Oppenheimer restated an "outperform" rating and set a $13.00 target price (up from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $11.44.

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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