EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $191,630.20 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 20,045 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.56, for a total transaction of $191,630.20. Following the transaction, the chief executive officer now directly owns 5,393,618 shares of the company's stock, valued at approximately $51,562,988.08. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• 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 transaction of $14,250.00.
• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $123,333.60.
• 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 transaction 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 transaction of $15,218.62.
• On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The shares were sold at an average price of $11.26, for a total transaction of $260,319.94.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction 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 transaction 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 transaction of $71,482.68.

EverCommerce Price Performance

Shares of NASDAQ:EVCM traded down $0.15 during midday trading on Friday, hitting $9.55. 296,407 shares of the stock were exchanged, compared to its average volume of 136,495. The company has a 50 day moving average price of $10.09 and a 200-day moving average price of $10.34. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The stock has a market cap of $1.74 billion, a P/E ratio of -53.06 and a beta of 1.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS 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 for the quarter, compared to analyst estimates of $146.28 million. During the same period in the prior year, the company earned ($0.09) EPS. The company's revenue was down 16.3% compared to the same quarter last year. On average, research analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after purchasing an additional 1,092 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of EverCommerce during the 4th quarter worth about $694,000. American Century Companies Inc. grew its holdings in shares of EverCommerce by 32.3% during the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock worth $251,000 after purchasing an additional 5,554 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of EverCommerce by 48.6% during the 4th 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 period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of EverCommerce by 84.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company's stock worth $1,468,000 after purchasing an additional 61,144 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

Analysts Set New Price Targets

EVCM has been the subject of a number of recent research reports. Barclays raised their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Oppenheimer cut their price objective on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Royal Bank Of Canada cut their price objective on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Jefferies Financial Group cut their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group cut their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, EverCommerce presently has a consensus rating of "Hold" and an average target price of $11.36.

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.