EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 12,272 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $10.05, for a total value of $123,333.60. Following the sale, the chief executive officer now directly owns 5,439,588 shares in the company, valued at approximately $54,667,859.40. This trade represents a 0.23% decrease in their position. The transaction 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 Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $14,250.00.
- On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The shares were sold at an average price of $9.96, for a total value of $107,597.88.
- On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total value of $15,218.62.
- On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total value of $260,319.94.
- On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total value of $179,281.95.
- On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $24,602.40.
- On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total value of $106,557.02.
- On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total value of $71,482.68.
- On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $83,910.98.
- On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The stock was sold at an average price of $9.41, for a total value of $76,682.09.
EverCommerce Stock Down 0.3%
Shares of EVCM traded down $0.03 during trading hours on Friday, hitting $10.02. The stock had a trading volume of 224,405 shares, compared to its average volume of 137,617. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.52. The firm has a market capitalization of $1.83 billion, a P/E ratio of -35.78 and a beta of 1.07. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business's quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EVCM. Barclays raised their target price on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. The Goldman Sachs Group lowered their price objective on EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group lifted their price objective on EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group lowered their price objective on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Finally, Piper Sandler lowered their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Two 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.com, EverCommerce presently has an average rating of "Hold" and a consensus price target of $11.36.
Read Our Latest Analysis on EVCM
Institutional Trading of EverCommerce
Several large investors have recently made changes to their positions in the company. Woodline Partners LP grew its stake in shares of EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company's stock valued at $5,650,000 after buying an additional 25,412 shares during the period. Janus Henderson Group PLC grew its stake in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after buying an additional 110,183 shares during the period. 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 valued at $2,194,000 after purchasing an additional 7,954 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after purchasing an additional 1,092 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 48.6% in the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock worth $1,695,000 after purchasing an additional 49,745 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.
About EverCommerce
(
Get Free Report)
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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