EverCommerce (NASDAQ:EVCM) CEO Sells $212,160.00 in Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold $212,160 worth of stock on October 7th, reducing his ownership by 0.63% to approximately 3.05 million shares.
• The company's stock (EVCM) recently traded at $11.11 with a twelve-month range of $8.10 to $12.34, and it has a market cap of $2.01 billion.
• Analysts have mixed ratings on EVCM, with a consensus price target of $11.50, as firms vary from a "strong-buy" to a "sell" rating on the stock.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 19,200 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $11.05, for a total transaction of $212,160.00. Following the transaction, the chief executive officer directly owned 3,050,324 shares of the company's stock, valued at $33,706,080.20. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The shares were 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 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 shares were 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 shares were 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 shares were 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.
• 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 transaction of $229,327.83.
• On Wednesday, August 13th, Eric Richard Remer sold 2,361 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total transaction 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 transaction of $233,345.06.

EverCommerce Price Performance

Shares of EVCM stock traded up $0.13 during trading hours on Wednesday, hitting $11.11. The company's stock had a trading volume of 177,196 shares, compared to its average volume of 213,145. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.34. The business has a fifty day moving average of $11.22 and a 200-day moving average of $10.62. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -92.58, a P/E/G ratio of 6.33 and a beta of 1.05. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. During the same quarter last year, the business earned ($0.02) earnings per share. EverCommerce's revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

EVCM has been the topic of a number of research analyst reports. Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Monday. Weiss Ratings reiterated a "sell (d-)" rating on shares of EverCommerce in a report on Wednesday. Piper Sandler lifted their price target on shares of EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, Oppenheimer reissued an "outperform" rating and issued a $13.00 target price (up previously from $12.00) on shares of EverCommerce in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.50.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently made changes to their positions in EVCM. Bank of America Corp DE boosted its stake in shares of EverCommerce by 13.5% during the 4th quarter. Bank of America Corp DE now owns 44,820 shares of the company's stock valued at $493,000 after buying an additional 5,347 shares during the last quarter. GAMMA Investing LLC increased its position in shares of EverCommerce by 838.8% in the 1st quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock worth $706,000 after purchasing an additional 6,358 shares during the last quarter. SG Americas Securities LLC increased its position in shares of EverCommerce by 220.6% in the 1st quarter. SG Americas Securities LLC now owns 29,886 shares of the company's stock worth $301,000 after purchasing an additional 20,563 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of EverCommerce by 129.1% in the 1st quarter. Mackenzie Financial Corp now owns 26,372 shares of the company's stock worth $266,000 after purchasing an additional 14,861 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of EverCommerce by 141.9% in the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock worth $99,000 after purchasing an additional 5,770 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

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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