Eric Richard Remer Sells 4,200 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,200 shares of EverCommerce stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $10.37, for a total value of $43,554.00. Following the completion of the sale, the chief executive officer now directly owns 8,068,540 shares in the company, valued at approximately $83,670,759.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total value of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total value of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The shares were sold at an average price of $10.47, for a total value of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value of $72,358.41.
• 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.

EverCommerce Stock Performance

Shares of EVCM stock traded up $0.11 during trading on Thursday, reaching $10.48. 47,700 shares of the company’s stock were exchanged, compared to its average volume of 142,749. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.94 billion, a PE ratio of -49.90 and a beta of 1.08. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The firm’s fifty day moving average price is $10.39 and its 200-day moving average price is $10.29.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The business had revenue of $177.39 million for the quarter, compared to analyst estimates of $171.88 million. EverCommerce’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that EverCommerce Inc. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in EverCommerce in the 3rd quarter valued at $107,000. Edgestream Partners L.P. acquired a new position in EverCommerce in the 1st quarter valued at $123,000. The Manufacturers Life Insurance Company grew its holdings in EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares in the last quarter. Renaissance Technologies LLC grew its holdings in EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new position in EverCommerce in the 1st quarter valued at $242,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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