EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 12,639 shares of EverCommerce stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $11.12, for a total transaction of $140,545.68. Following the sale, the chief executive officer owned 5,266,663 shares of the company's stock, valued at approximately $58,565,292.56. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Eric Richard Remer also recently made the following trade(s):
- 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 stock was 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 shares were 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 shares were 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 shares were sold at an average price of $10.02, for a total transaction of $197,504.22.
- On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total transaction of $42,367.05.
EverCommerce Stock Performance
NASDAQ:EVCM traded down $0.32 during mid-day trading on Thursday, reaching $10.73. The company's stock had a trading volume of 195,680 shares, compared to its average volume of 167,637. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.34. The firm's fifty day moving average price is $10.43 and its two-hundred day moving average price is $10.24. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.96 billion, a P/E ratio of -59.61 and a beta of 1.05.
EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly 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). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The business had revenue of $142.27 million for the quarter, compared to analysts' expectations of $146.28 million. During the same period in the previous year, the company earned ($0.09) EPS. EverCommerce's revenue for the quarter was down 16.3% compared to the same quarter last year. On average, equities analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.
Institutional Investors Weigh In On EverCommerce
Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. Kingstone Capital Partners Texas LLC bought a new stake in EverCommerce during the 2nd quarter worth approximately $5,039,000. Woodline Partners LP raised its stake in EverCommerce by 4.7% during the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company's stock worth $5,650,000 after acquiring an additional 25,412 shares during the period. Martingale Asset Management L P bought a new stake in EverCommerce during the 1st quarter worth approximately $202,000. EntryPoint Capital LLC bought a new stake in EverCommerce during the 1st quarter worth approximately $102,000. Finally, Nuveen LLC bought a new stake in EverCommerce during the 1st quarter worth approximately $493,000. Hedge funds and other institutional investors own 97.91% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on EVCM. Barclays boosted their target price on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group boosted their target price on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.36.
Check Out Our Latest Stock Analysis on EverCommerce
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.
Further Reading
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