Eric Richard Remer Sells 7,164 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,164 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $10.51, for a total value of $75,293.64. Following the completion of the transaction, the chief executive officer now directly owns 7,621,070 shares of the company’s stock, valued at $80,097,445.70. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total transaction of $98,436.66.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total transaction of $135,113.44.
• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The shares were 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 value 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 value 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.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total value of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total transaction of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total transaction of $94,176.00.

EverCommerce Trading Down 3.3 %

Shares of EVCM opened at $10.12 on Friday. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35. The firm has a market capitalization of $1.86 billion, a P/E ratio of -36.14 and a beta of 1.12. The firm has a 50-day moving average price of $10.14 and a 200 day moving average price of $10.70. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results 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). The firm had revenue of $175.00 million during the quarter, compared to analysts’ expectations of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. Sell-side analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

EVCM has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 14th. Jefferies Financial Group decreased their target price on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. Royal Bank of Canada dropped their price target on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Oppenheimer decreased their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler dropped their target price on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, EverCommerce has an average rating of “Hold” and a consensus price target of $11.09.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new position in shares of EverCommerce in the 4th quarter valued at $127,000. Woodline Partners LP lifted its position in EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after buying an additional 106,359 shares during the last quarter. State of Wyoming lifted its position in EverCommerce by 245.4% in the fourth quarter. State of Wyoming now owns 32,875 shares of the company’s stock valued at $362,000 after buying an additional 23,356 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in EverCommerce during the fourth quarter worth about $143,000. Finally, Janus Henderson Group PLC increased its position in shares of EverCommerce by 34.6% during the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after acquiring an additional 110,183 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.