EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,149 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $9.41, for a total value of $76,682.09. Following the transaction, the chief executive officer now owns 7,560,663 shares in the company, valued at approximately $71,145,838.83. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The stock was sold at an average price of $9.81, for a total transaction of $160,285.59.
- On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $112,595.07.
- On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total value of $75,293.64.
- On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total value of $98,436.66.
- On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The shares were sold at an average price of $9.97, for a total value of $135,113.44.
- On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $98,512.47.
- On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total transaction of $91,558.85.
- On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The shares were sold at an average price of $9.06, for a total transaction of $85,200.24.
- On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction of $82,622.88.
- On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The shares were sold at an average price of $9.65, for a total value of $100,417.90.
EverCommerce Trading Down 1.1 %
Shares of EverCommerce stock traded down $0.11 on Wednesday, reaching $10.00. 44,864 shares of the company's stock were exchanged, compared to its average volume of 136,293. The firm's 50-day moving average is $10.06 and its two-hundred day moving average is $10.64. The company has a market capitalization of $1.83 billion, a P/E ratio of -35.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same quarter in the prior year, the company posted ($0.12) EPS. EverCommerce's revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.
Institutional Trading of EverCommerce
Several hedge funds have recently bought and sold shares of EVCM. BNP Paribas Financial Markets bought a new position in shares of EverCommerce in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC boosted its stake in EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after purchasing an additional 2,040 shares during the last quarter. Deutsche Bank AG increased its holdings 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 in the last quarter. Wells Fargo & Company MN raised its stake in shares of EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after purchasing an additional 3,106 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of EverCommerce in the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 97.91% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on EVCM. Barclays reduced their price target on EverCommerce from $12.00 to $9.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. The Goldman Sachs Group reduced their target price 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. Oppenheimer reduced their price objective on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Piper Sandler lowered their target price on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Jefferies Financial Group decreased their price target on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note 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 MarketBeat, EverCommerce presently has a consensus rating of "Hold" and an average target price of $11.09.
Check Out Our Latest Report on EVCM
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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