EverCommerce (NASDAQ:EVCM) CEO Sells $229,327.83 in Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold approximately $229,328 worth of stock recently, reducing his ownership by 0.39%.
• The company reported a 5.3% increase in revenue year-over-year, with earnings per share of $0.03, beating expectations.
• EverCommerce's stock has a market capitalization of $2.06 billion, with analysts providing a consensus rating of "Moderate Buy" and a target price of $11.50.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 20,421 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.23, for a total transaction of $229,327.83. Following the completion of the sale, the chief executive officer owned 5,172,742 shares of the company's stock, valued at $58,089,892.66. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 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.
• On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The stock was sold at an average price of $10.54, for a total transaction 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 transaction of $122,610.88.
• On Tuesday, August 5th, Eric Richard Remer sold 12,432 shares of EverCommerce stock. The stock was 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.
• On Tuesday, July 22nd, Eric Richard Remer sold 19,747 shares of EverCommerce stock. The shares were sold at an average price of $11.40, for a total transaction of $225,115.80.
• On Wednesday, July 16th, Eric Richard Remer sold 9,527 shares of EverCommerce stock. The shares were sold at an average price of $10.55, for a total transaction of $100,509.85.

EverCommerce Stock Performance

NASDAQ:EVCM traded up $0.13 during trading hours on Wednesday, hitting $11.39. 214,646 shares of the company traded hands, compared to its average volume of 266,755. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -94.91, a P/E/G ratio of 9.52 and a beta of 1.06. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.34. The firm has a 50-day moving average of $10.94 and a 200 day moving average of $10.34. 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 released its earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating 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 firm had revenue of $148.02 million during the quarter, compared to analysts' expectations of $145.80 million. During the same period in the prior year, the company earned ($0.02) EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EVCM. Wells Fargo & Company MN boosted its stake in EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after acquiring an additional 3,106 shares during the last quarter. Raymond James Financial Inc. bought a new position in EverCommerce during the 4th quarter worth approximately $694,000. Barclays PLC boosted its stake in EverCommerce by 11.2% during the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock worth $363,000 after acquiring an additional 3,312 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in EverCommerce by 4.2% during the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock worth $2,194,000 after acquiring an additional 7,954 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVCM. Oppenheimer reaffirmed an "outperform" rating and issued a $13.00 target price (up previously from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Barclays raised their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Zacks Research upgraded shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, Piper Sandler raised their price objective on shares of EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, EverCommerce has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

About EverCommerce

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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