EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $47,985.78 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,789 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $10.02, for a total value of $47,985.78. Following the sale, the chief executive officer now owns 5,364,663 shares of the company's stock, valued at $53,753,923.26. This trade represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 value 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 value of $42,367.05.
• On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The shares were sold at an average price of $9.56, for a total value of $191,630.20.
• 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 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 value 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 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 shares were 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 transaction 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 transaction of $24,602.40.

EverCommerce Stock Down 1.2%

EverCommerce stock traded down $0.12 during mid-day trading on Friday, hitting $10.30. 1,025,605 shares of the company's stock were exchanged, compared to its average volume of 136,257. 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 $1.88 billion, a P/E ratio of -57.22 and a beta of 1.05. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35. The stock has a 50 day moving average of $10.10 and a two-hundred day moving average of $10.26.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted 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 business had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The company's quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EVCM has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. 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. Canaccord Genuity Group lifted their target price on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Piper Sandler reduced their target price on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Oppenheimer reduced their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $11.36.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Woodline Partners LP grew its position in shares of EverCommerce by 4.7% in the first quarter. Woodline Partners LP now owns 560,506 shares of the company's stock valued at $5,650,000 after purchasing an additional 25,412 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after purchasing an additional 110,183 shares during the last quarter. Northern Trust Corp grew its position in shares of EverCommerce by 4.2% in the fourth 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. grew its position in shares of EverCommerce by 0.7% in the fourth 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. grew its position in shares of EverCommerce by 48.6% in the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock valued at $1,695,000 after purchasing an additional 49,745 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.