EverCommerce (NASDAQ:EVCM) CEO Sells $208,512.00 in Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold 19,200 shares of the company's stock on October 14th for $208,512, reducing his ownership by 0.63%.
• The company's shares traded down to $11.00, with a market cap of $1.99 billion and a recent performance range between a 1-year low of $8.10 and a high of $12.34.
• EverCommerce reported $148.02 million in revenue for the last quarter, surpassing estimates, along with an EPS of $0.03, marking a 5.3% increase compared to the previous year.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 19,200 shares of EverCommerce stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $10.86, for a total transaction of $208,512.00. Following the completion of the transaction, the chief executive officer directly owned 3,031,124 shares in the company, valued at $32,918,006.64. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction of $49,986.72.
• On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The stock was 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 stock was 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 stock was sold at an average price of $11.13, for a total transaction of $45,399.27.
• On Tuesday, September 2nd, Eric Richard Remer sold 20,421 shares of EverCommerce stock. The stock was sold at an average price of $11.23, for a total transaction 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 transaction of $25,262.70.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded down $0.15 on Thursday, hitting $11.00. 149,654 shares of the company were exchanged, compared to its average volume of 184,533. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.34. The stock's 50 day moving average price is $11.29 and its 200 day moving average price is $10.64. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.99 billion, a P/E ratio of -91.66, a price-to-earnings-growth ratio of 6.34 and a beta of 1.05.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of EverCommerce during the 2nd quarter worth about $595,000. Oxford Asset Management LLP acquired a new position in shares of EverCommerce during the 2nd quarter worth about $168,000. Lazard Asset Management LLC raised its position in shares of EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after purchasing an additional 49,041 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of EverCommerce during the 2nd quarter worth about $302,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after purchasing an additional 547,712 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

Analyst Ratings Changes

EVCM has been the subject of a number of research reports. Barclays downgraded shares of EverCommerce from an "overweight" rating to an "equal weight" rating and set a $11.00 target price for the company. in a research report on Tuesday. Lake Street Capital set a $11.00 target price on shares of EverCommerce in a research report on Tuesday. 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. Zacks Research downgraded shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of EverCommerce in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, EverCommerce 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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