EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $72,358.41 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 6,807 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.63, for a total transaction of $72,358.41. Following the completion of the transaction, the chief executive officer now owns 8,117,356 shares in the company, valued at $86,287,494.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total transaction of $64,474.26.
• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $75,888.31.
• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $110,224.59.
• On Tuesday, July 2nd, Eric Richard Remer sold 3,992 shares of EverCommerce stock. The stock was sold at an average price of $11.07, for a total value of $44,191.44.

EverCommerce Stock Down 0.1 %

EVCM stock opened at $10.42 on Friday. The firm’s 50-day moving average is $10.65 and its two-hundred day moving average is $10.14. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -49.62 and a beta of 1.08. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $177.39 million for the quarter, compared to the consensus estimate of $171.88 million. EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. EverCommerce’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that EverCommerce Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

Several institutional investors have recently modified their holdings of the company. Quest Partners LLC acquired a new position in EverCommerce during the fourth quarter worth about $135,000. Edgestream Partners L.P. acquired a new stake in EverCommerce in the 1st quarter valued at about $123,000. Vanguard Group Inc. lifted its holdings in EverCommerce by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after acquiring an additional 30,481 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of EverCommerce by 57.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock valued at $512,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of EverCommerce by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock worth $1,805,000 after purchasing an additional 9,595 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EVCM has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Evercore ISI upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of “Moderate Buy” and an average price target of $11.45.

About EverCommerce

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.