Eric Richard Remer Sells 11,861 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

Key Points

• EverCommerce Inc. CEO Eric Richard Remer sold a total of 11,861 shares on July 29 at an average price of $11.39, amounting to $135,096.79, which reduced his ownership in the company by 0.22%.
• The company's stock price has fluctuated recently, trading at $10.73 with a one-year low of $8.10 and a high of $12.34, indicating notable market activity.
• Several institutions have increased their stakes in EverCommerce, with 97.91% of the stock owned by institutional investors, reflecting strong confidence in the company's potential.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 11,861 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $11.39, for a total transaction of $135,096.79. Following the completion of the sale, the chief executive officer directly owned 5,279,302 shares in the company, valued at approximately $60,131,249.78. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, July 30th, Eric Richard Remer sold 12,639 shares of EverCommerce stock. The shares were sold at an average price of $11.12, for a total transaction of $140,545.68.
• 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 stock was 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 stock was sold at an average price of $10.55, for a total transaction of $100,509.85.
• On Tuesday, July 15th, Eric Richard Remer sold 14,973 shares of EverCommerce stock. The stock was sold at an average price of $10.65, for a total transaction of $159,462.45.
• On Wednesday, July 9th, Eric Richard Remer sold 8,204 shares of EverCommerce stock. The stock was sold at an average price of $10.70, for a total transaction of $87,782.80.
• On Tuesday, July 8th, Eric Richard Remer sold 16,296 shares of EverCommerce stock. The stock was sold at an average price of $10.75, for a total transaction of $175,182.00.
• On Wednesday, June 25th, Eric Richard Remer sold 4,789 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $47,985.78.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total value of $197,504.22.
• On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total value of $42,367.05.

EverCommerce Stock Performance

EVCM traded up $0.18 on Monday, reaching $10.16. The company had a trading volume of 29,952 shares, compared to its average volume of 167,340. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.34. The stock has a market capitalization of $1.85 billion, a PE ratio of -56.44 and a beta of 1.06. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $10.45 and a 200-day moving average price of $10.25.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The company had revenue of $142.27 million during the quarter, compared to analysts' expectations of $146.28 million. During the same period last year, the firm earned ($0.09) earnings per share. EverCommerce's revenue was down 16.3% on a year-over-year basis. As a group, research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 2,040 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of EverCommerce in the 4th quarter worth $29,000. Wells Fargo & Company MN raised its position in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after buying an additional 3,106 shares during the period. Barclays PLC raised its position in shares of EverCommerce by 11.2% in the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock worth $363,000 after buying an additional 3,312 shares during the period. Finally, Deutsche Bank AG boosted its position in EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after purchasing an additional 3,667 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EVCM. Barclays increased their price target on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group increased their price target on EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.36.

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.